Kimco Realty (NYSE:KIM) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Kimco Realty (NYSE:KIMGet Rating) in a research note published on Tuesday morning, The Fly reports. The firm issued an underweight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Argus decreased their price objective on Kimco Realty from $27.00 to $22.00 in a report on Monday. The Goldman Sachs Group started coverage on Kimco Realty in a research report on Tuesday, March 21st. They set a buy rating and a $25.00 target price on the stock. Truist Financial cut their target price on Kimco Realty from $24.00 to $22.00 in a research report on Monday, May 15th. StockNews.com started coverage on Kimco Realty in a research report on Thursday, May 18th. They set a hold rating on the stock. Finally, Barclays cut their target price on Kimco Realty from $26.00 to $24.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $22.86.

Kimco Realty Trading Down 1.9 %

NYSE KIM opened at $18.42 on Tuesday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 76.75, a P/E/G ratio of 2.10 and a beta of 1.44. Kimco Realty has a 52 week low of $17.34 and a 52 week high of $23.89. The business has a 50 day moving average price of $18.66 and a 200-day moving average price of $20.49. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.73.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.99%. Kimco Realty’s dividend payout ratio is presently 383.35%.

Insider Activity

In related news, Director Frank Lourenso sold 9,630 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $20.70, for a total transaction of $199,341.00. Following the sale, the director now directly owns 212,424 shares in the company, valued at approximately $4,397,176.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Telos Capital Management Inc. increased its stake in Kimco Realty by 8.9% in the 4th quarter. Telos Capital Management Inc. now owns 25,931 shares of the real estate investment trust’s stock worth $549,000 after acquiring an additional 2,129 shares during the last quarter. HighTower Advisors LLC increased its stake in Kimco Realty by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 180,819 shares of the real estate investment trust’s stock worth $3,825,000 after acquiring an additional 1,600 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Kimco Realty by 9.6% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 742,514 shares of the real estate investment trust’s stock worth $15,771,000 after acquiring an additional 65,144 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Kimco Realty in the 4th quarter worth about $86,000. Finally, State of Alaska Department of Revenue increased its stake in Kimco Realty by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 392,914 shares of the real estate investment trust’s stock worth $8,320,000 after acquiring an additional 4,267 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors.

About Kimco Realty

(Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.