Kimco Realty Corp (NYSE:KIM) Receives $24.50 Consensus Price Target from Analysts

Shares of Kimco Realty Corp (NYSE:KIM) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $24.70.

A number of analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Evercore ISI increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Robert W. Baird increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Compass Point upped their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th.

Kimco Realty Stock Up 0.5 %

NYSE KIM opened at $24.61 on Monday. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a market capitalization of $16.59 billion, a P/E ratio of 44.75, a PEG ratio of 3.20 and a beta of 1.50. The company’s 50 day simple moving average is $24.50 and its 200 day simple moving average is $22.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities research analysts expect that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.06%. Kimco Realty’s dividend payout ratio is 181.82%.

Institutional Trading of Kimco Realty

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC increased its holdings in Kimco Realty by 13.1% in the 2nd quarter. CWM LLC now owns 12,728 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,473 shares during the period. SG Americas Securities LLC increased its stake in Kimco Realty by 8.7% in the second quarter. SG Americas Securities LLC now owns 229,684 shares of the real estate investment trust’s stock valued at $4,470,000 after acquiring an additional 18,306 shares during the period. Czech National Bank increased its stake in Kimco Realty by 8.5% in the second quarter. Czech National Bank now owns 127,174 shares of the real estate investment trust’s stock valued at $2,475,000 after acquiring an additional 9,965 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Kimco Realty by 10.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust’s stock worth $2,319,000 after purchasing an additional 11,577 shares in the last quarter. Finally, Vanderbilt University lifted its stake in Kimco Realty by 22.2% during the second quarter. Vanderbilt University now owns 73,706 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 13,409 shares during the period. 89.25% of the stock is currently owned by institutional investors.

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.