Kimco Realty (NYSE:KIM) Price Target Cut to $23.00 by Analysts at Evercore ISI

Kimco Realty (NYSE:KIM) had its target price trimmed by Evercore ISI from $24.00 to $23.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on KIM. Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Compass Point upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Friday, December 20th. Robert W. Baird upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted 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. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.83.

Kimco Realty Stock Up 0.8 %

NYSE:KIM opened at $23.62 on Tuesday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a market cap of $15.92 billion, a PE ratio of 42.95, a P/E/G ratio of 3.20 and a beta of 1.50. The company’s 50 day moving average is $24.57 and its two-hundred day moving average is $22.64.

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

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. Kimco Realty’s dividend payout ratio is presently 181.82%.

Hedge Funds Weigh In On Kimco Realty

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in shares of Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after buying an additional 522 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 565 shares during the last quarter. CWM LLC increased its stake in Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 595 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 663 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.