Kimco Realty Corp (NYSE:KIM) Given Average Rating of “Hold” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $24.84.

KIM has been the topic of a number of research analyst reports. Argus raised shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Evercore ISI dropped 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. The Goldman Sachs Group raised their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Robert W. Baird upped their target price 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, Scotiabank increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th.

Hedge Funds Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new stake in Kimco Realty during the third quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $31,000. Brooklyn Investment Group bought a new stake in shares of Kimco Realty during the 3rd quarter worth $37,000. Quarry LP purchased a new position in shares of Kimco Realty in the 3rd quarter worth about $51,000. Finally, Castleview Partners LLC bought a new position in Kimco Realty during the third quarter valued at about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock opened at $22.97 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $24.44 and its 200 day simple moving average is $22.85. Kimco Realty has a 12-month low of $17.57 and a 12-month high of $25.83. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 3.22 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that Kimco Realty will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.35%. Kimco Realty’s dividend payout ratio (DPR) is 181.82%.

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.