Kimco Realty (KIM) to Release Earnings on Wednesday

Kimco Realty (NYSE:KIM) is scheduled to be releasing its earnings data after the market closes on Wednesday, January 31st. Analysts expect Kimco Realty to post earnings of $0.15 per share for the quarter.

Kimco Realty (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect Kimco Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Kimco Realty (KIM) opened at $16.60 on Wednesday. Kimco Realty has a 12 month low of $16.35 and a 12 month high of $25.48. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $7,070.00, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Friday, December 29th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio is presently 164.71%.

Several brokerages have commented on KIM. JPMorgan Chase & Co. raised shares of Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 target price on shares of Kimco Realty in a research note on Friday, November 10th. Mizuho reaffirmed a “hold” rating and issued a $19.00 target price on shares of Kimco Realty in a research note on Monday, October 9th. Stifel Nicolaus started coverage on shares of Kimco Realty in a research note on Thursday, November 30th. They issued a “hold” rating and a $19.50 target price for the company. Finally, BMO Capital Markets set a $21.00 price objective on shares of Kimco Realty and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Kimco Realty currently has an average rating of “Hold” and a consensus target price of $21.84.

In other news, insider Milton Cooper purchased 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was purchased at an average price of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

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Kimco Realty Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Earnings History for Kimco Realty (NYSE:KIM)

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