Kimco Realty Corp (NYSE:KIM) Receives $24.68 Consensus Price Target from Analysts

Shares of Kimco Realty Corp (NYSE:KIM) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.68.

Several equities analysts have issued reports on KIM shares. Mizuho decreased their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Citigroup lowered their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company cut their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Scotiabank decreased their target price on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Raymond James dropped their price target on Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Monday, May 5th.

Hedge Funds Weigh In On Kimco Realty

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Kimco Realty by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock valued at $206,427,000 after buying an additional 137,249 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in Kimco Realty in the first quarter worth approximately $661,000. Nicholas Hoffman & Company LLC. grew its position in Kimco Realty by 13.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 16,950 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 1,969 shares during the period. Centersquare Investment Management LLC increased its stake in Kimco Realty by 8.9% during the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock worth $191,170,000 after acquiring an additional 733,514 shares during the last quarter. Finally, Legacy Capital Group California Inc. raised its position in Kimco Realty by 16.5% in the first quarter. Legacy Capital Group California Inc. now owns 25,820 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 3,656 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.7 %

KIM stock opened at $20.82 on Thursday. Kimco Realty has a one year low of $17.93 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm’s fifty day moving average is $20.56 and its 200 day moving average is $22.42. The firm has a market cap of $14.15 billion, a PE ratio of 37.18, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the previous year, the business earned $0.39 EPS. Kimco Realty’s revenue for the quarter was up 965.3% compared to the same quarter last year. On average, research analysts forecast that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, June 6th. Kimco Realty’s dividend payout ratio is currently 129.87%.

About Kimco Realty

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.