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

Shares of Kimco Realty Corporation (NYSE:KIM) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.70.

A number of brokerages have recently issued reports on KIM. Weiss Ratings upgraded Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Argus reissued a “buy” rating and issued a $27.00 target price on shares of Kimco Realty in a research note on Monday, December 1st. Morgan Stanley set a $23.50 price target on shares of Kimco Realty in a research report on Monday, January 5th. Truist Financial increased their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Finally, Barclays restated an “overweight” rating and set a $25.00 price objective on shares of Kimco Realty in a research note on Tuesday, January 13th.

Institutional Trading of Kimco Realty

Several institutional investors and hedge funds have recently bought and sold shares of KIM. Old North State Trust LLC lifted its position in shares of Kimco Realty by 37.3% in the fourth quarter. Old North State Trust LLC now owns 16,161 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 4,387 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Kimco Realty by 8.6% during the 4th quarter. Hsbc Holdings PLC now owns 3,587,902 shares of the real estate investment trust’s stock worth $72,724,000 after acquiring an additional 283,385 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after acquiring an additional 48,672 shares during the period. Corient Private Wealth LLC raised its stake in Kimco Realty by 5.6% in the 4th quarter. Corient Private Wealth LLC now owns 43,112 shares of the real estate investment trust’s stock valued at $874,000 after acquiring an additional 2,302 shares during the period. Finally, Reflection Asset Management acquired a new stake in Kimco Realty during the 4th quarter valued at $1,184,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $22.21 on Friday. The stock has a 50 day moving average price of $22.35 and a 200 day moving average price of $21.42. Kimco Realty has a 52 week low of $17.93 and a 52 week high of $23.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31. The stock has a market capitalization of $14.97 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, March 6th. This represents a $1.04 dividend on an annualized basis and a yield of 4.7%. Kimco Realty’s dividend payout ratio (DPR) is presently 128.40%.

Kimco Realty Company Profile

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.