Kimco Realty Corporation (NYSE:KIM) Receives Average Rating of “Moderate Buy” from Analysts

Kimco Realty Corporation (NYSE:KIM) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.1786.

KIM has been the topic of a number of analyst reports. UBS Group cut their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Piper Sandler increased their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Argus reissued a “buy” rating and set a $27.00 price target on shares of Kimco Realty in a research report on Monday, December 1st. Scotiabank lowered their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th.

Institutional Trading of Kimco Realty

Several hedge funds have recently bought and sold shares of KIM. Quent Capital LLC bought a new position in Kimco Realty in the third quarter valued at approximately $27,000. Zions Bancorporation National Association UT raised its holdings in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares during the period. City Holding Co. bought a new stake in Kimco Realty in the 3rd quarter valued at $30,000. Brown Lisle Cummings Inc. boosted its stake in Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in Kimco Realty in the 2nd quarter worth $37,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.1%

NYSE:KIM opened at $23.54 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty has a 1-year low of $17.93 and a 1-year high of $23.91. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.32 and a beta of 1.04. The business’s 50-day moving average price is $21.46 and its two-hundred day moving average price is $21.32.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, March 6th. Kimco Realty’s payout ratio is 128.40%.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.