Kimco Realty (KIM) to Release Earnings on Friday

Kimco Realty (NYSE:KIM) is projected to post its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Kimco Realty to post earnings of $0.42 per share and revenue of $510.69 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Kimco Realty (NYSE:KIM) last issued its earnings results 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). The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. On average, analysts expect Kimco Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kimco Realty Stock Performance

Shares of KIM stock opened at $22.66 on Friday. The stock has a 50-day moving average of $23.66 and a 200-day moving average of $23.30. 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 stock has a market cap of $15.27 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. Kimco Realty has a one year low of $17.57 and a one year high of $25.83.

Analyst Upgrades and Downgrades

KIM has been the topic of several research analyst reports. Mizuho raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company cut their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Scotiabank lifted their price target 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. Finally, Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.97.

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.