Kimco Realty Corp (NYSE:KIM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kimco Realty Corp (NYSE:KIM) have earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.48.

KIM has been the subject of several recent research reports. Mizuho cut their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Citigroup reissued a “neutral” rating and set a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Bank of America reissued a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Robert W. Baird reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target for the company.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Kimco Realty by 0.9% during 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 purchasing an additional 878,667 shares during the last quarter. Cohen & Steers Inc. increased its stake in shares of Kimco Realty by 7.3% during the 4th quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kimco Realty by 23.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the last quarter. Invesco Ltd. increased its stake in shares of Kimco Realty by 31.2% during the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Kimco Realty by 17.5% during the 3rd quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock worth $243,846,000 after purchasing an additional 2,061,517 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.2 %

KIM stock opened at $18.38 on Friday. Kimco Realty has a 12 month low of $16.34 and a 12 month high of $22.83. The firm has a market cap of $12.39 billion, a PE ratio of 18.02, a P/E/G ratio of 4.16 and a beta of 1.45. The firm has a 50 day simple moving average of $18.99 and a 200 day simple moving average of $19.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.22%. Kimco Realty’s dividend payout ratio is presently 94.12%.

Kimco Realty Company Profile

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.