Kimco Realty (KIM) Releases FY18 Earnings Guidance

Kimco Realty (NYSE:KIM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.52.

Kimco Realty (NYSE:KIM) opened at $14.65 on Thursday. 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 $24.75. The company has a market capitalization of $6,103.87, a P/E ratio of 16.58, a PEG ratio of 2.03 and a beta of 0.46.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The company had revenue of $310.63 million during the quarter, compared to the consensus estimate of $297.92 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a dividend yield of 7.65%. Kimco Realty’s dividend payout ratio is currently 130.23%.

Several research analysts have recently commented on KIM shares. Robert W. Baird reiterated a buy rating and set a $23.00 target price on shares of Kimco Realty in a research note on Friday, November 10th. ValuEngine downgraded Kimco Realty from a buy rating to a hold rating in a research note on Friday, February 2nd. Stifel Nicolaus reiterated a hold rating and set a $17.00 target price on shares of Kimco Realty in a research note on Thursday, February 1st. SunTrust Banks set a $18.00 target price on Kimco Realty and gave the stock a hold rating in a research note on Monday, January 22nd. Finally, Mizuho set a $20.00 target price on Kimco Realty and gave the stock a hold rating in a research note on Monday, December 18th. One equities 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’s stock. The company has an average rating of Hold and a consensus target price of $21.34.

In other news, insider Milton Cooper purchased 50,000 shares of Kimco Realty stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost 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 through the SEC website. 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 and Estimates for Kimco Realty (NYSE:KIM)

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