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

Shares of Kimco Realty Corp (NYSE:KIM) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.83.

A number of analysts have recently issued reports on KIM shares. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Mizuho lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $21.52 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The business’s 50 day moving average price is $22.67 and its 200-day moving average price is $23.37. The firm has a market capitalization of $14.50 billion, a PE ratio of 38.42, a P/E/G ratio of 2.77 and a beta of 1.50. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities research analysts expect that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. raised its holdings in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Kimco Realty in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.