Kimco Realty Corp (NYSE:KIM) – Capital One Financial boosted their Q4 2017 EPS estimates for shares of Kimco Realty in a report issued on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.38. Capital One Financial also issued estimates for Kimco Realty’s Q1 2018 earnings at $0.37 EPS, FY2018 earnings at $1.51 EPS and FY2019 earnings at $1.54 EPS.
Several other brokerages have also recently commented on KIM. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price target on shares of Kimco Realty in a research report on Friday, November 10th. ValuEngine cut shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price target on shares of Kimco Realty in a research report on Thursday, February 1st. SunTrust Banks set a $18.00 price target on shares of Kimco Realty and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Mizuho set a $20.00 price target on shares of Kimco Realty and gave the stock a “hold” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.34.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Kimco Realty by 1.0% during the 4th quarter. BlackRock Inc. now owns 41,753,452 shares of the real estate investment trust’s stock worth $757,825,000 after buying an additional 394,524 shares during the period. Bank of New York Mellon Corp raised its holdings in Kimco Realty by 11.7% during the 4th quarter. Bank of New York Mellon Corp now owns 18,745,745 shares of the real estate investment trust’s stock worth $340,235,000 after buying an additional 1,959,743 shares during the period. PGGM Investments raised its holdings in Kimco Realty by 4.9% during the 3rd quarter. PGGM Investments now owns 11,304,000 shares of the real estate investment trust’s stock worth $220,993,000 after buying an additional 523,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Kimco Realty by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,119,693 shares of the real estate investment trust’s stock worth $119,639,000 after buying an additional 145,326 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in Kimco Realty by 13.9% during the 3rd quarter. Cohen & Steers Inc. now owns 5,419,914 shares of the real estate investment trust’s stock worth $105,959,000 after buying an additional 661,103 shares during the period. Hedge funds and other institutional investors own 91.37% of the company’s stock.
In related news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $19.20 per share, for a total transaction of $960,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 7.81%. The ex-dividend date is Monday, April 2nd. Kimco Realty’s dividend payout ratio (DPR) is presently 130.23%.
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About Kimco Realty
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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