Kimco Realty (NYSE:KIM) Given New $24.00 Price Target at JPMorgan Chase & Co.

Kimco Realty (NYSE:KIM) had its target price decreased by JPMorgan Chase & Co. from $25.00 to $24.00 in a research report sent to investors on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on the stock. Scotiabank boosted 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 report on Monday, November 25th. 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 report on Tuesday, November 12th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Ten 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 company’s stock. Based on data from MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.83.

Kimco Realty Stock Performance

NYSE KIM opened at $21.57 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The company has a market capitalization of $14.54 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a 50-day simple moving average of $22.85 and a 200 day simple moving average of $23.39.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. On average, research analysts predict that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KIM. Norges Bank purchased a new stake in shares of Kimco Realty during the fourth quarter valued at $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after buying an additional 5,598,091 shares in the last quarter. Northern Trust Corp grew its stake in Kimco Realty by 55.0% in the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust’s stock valued at $241,446,000 after acquiring an additional 3,658,528 shares during the period. Federated Hermes Inc. increased its holdings in Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock worth $170,535,000 after acquiring an additional 3,457,435 shares in the last quarter. Finally, Invesco Ltd. raised its position in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock worth $407,301,000 after acquiring an additional 2,692,258 shares during the period. 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.