Analysts expect that Kimco Realty Corp (NYSE:KIM) will post $298.89 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Kimco Realty’s earnings. The lowest sales estimate is $293.43 million and the highest is $304.83 million. Kimco Realty posted sales of $297.03 million in the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 15th.
On average, analysts expect that Kimco Realty will report full year sales of $298.89 million for the current financial year, with estimates ranging from $1.16 billion to $1.19 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.20 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Kimco Realty.
A number of analysts have recently commented on KIM shares. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Friday, December 15th. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty and gave the stock a “hold” rating in a research note on Wednesday, October 25th. ValuEngine cut shares of Kimco Realty from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Mizuho set a $20.00 target price on shares of Kimco Realty and gave the stock a “hold” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research cut shares of Kimco Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Kimco Realty has an average rating of “Hold” and a consensus price target of $21.34.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new stake in Kimco Realty during the 3rd quarter valued at about $105,000. Orinda Asset Management LLC purchased a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $182,000. Kelman Lazarov Inc. purchased a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $189,000. Eqis Capital Management Inc. purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $201,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $203,000. 91.37% of the stock is owned by institutional investors.
Shares of Kimco Realty (KIM) opened at $14.32 on Tuesday. The company has a market cap of $6,040.00, a PE ratio of 21.06, a PEG ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. Kimco Realty has a one year low of $13.70 and a one year high of $25.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 7.82%. Kimco Realty’s dividend payout ratio is presently 164.71%.
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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.
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