Kimco Realty Corp (NYSE:KIM) Given Average Recommendation of “Hold” by Analysts

Kimco Realty Corp (NYSE:KIMGet Free Report) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.89.

KIM has been the subject of several recent research reports. Mizuho decreased their price objective on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Piper Sandler lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. TheStreet raised Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, December 7th. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Finally, Citigroup reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd.

Get Our Latest Research Report on KIM

Kimco Realty Trading Down 1.0 %

Shares of KIM opened at $18.89 on Wednesday. The business has a 50-day moving average of $19.64 and a 200 day moving average of $19.30. Kimco Realty has a fifty-two week low of $16.34 and a fifty-two week high of $22.83. The firm has a market cap of $12.73 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the transaction, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Trading of Kimco Realty

A number of hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new stake in Kimco Realty in the 4th quarter worth approximately $2,494,000. Quadrature Capital Ltd bought a new stake in Kimco Realty in the 4th quarter worth approximately $2,090,000. Vanguard Group Inc. lifted its position in Kimco Realty by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 102,336,566 shares of the real estate investment trust’s stock worth $2,180,792,000 after buying an additional 878,667 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Kimco Realty by 2.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 279,383 shares of the real estate investment trust’s stock worth $5,954,000 after buying an additional 6,447 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Kimco Realty by 211.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,845,365 shares of the real estate investment trust’s stock worth $60,635,000 after buying an additional 1,931,189 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

(Get Free Report

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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