Kimco Realty (NYSE:KIM) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group downgraded shares of Kimco Realty (NYSE:KIM) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have $25.00 price target on the real estate investment trust’s stock, down from their prior price target of $28.00.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Friday, December 20th. Argus raised Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $24.84.

Kimco Realty Stock Performance

KIM stock opened at $22.97 on Thursday. The stock has a market capitalization of $15.48 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The company has a 50 day moving average price of $24.44 and a 200 day moving average price of $22.85. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) 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 analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. Analysts forecast that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.35%. Kimco Realty’s dividend payout ratio is presently 181.82%.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the third quarter valued at $31,000. Brooklyn Investment Group bought a new position in Kimco Realty in the third quarter valued at $37,000. Quarry LP acquired a new stake in Kimco Realty in the 3rd quarter valued at $51,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 3,144 shares in the last quarter. Institutional investors and hedge funds 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.