Kimco Realty Corp (NYSE:KIM – Get Free Report) has received an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.18.
Several brokerages have commented on KIM. Piper Sandler upped their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Stifel Nicolaus lifted their price objective on shares of Kimco Realty from $20.50 to $21.75 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Mizuho lifted their price target on shares of Kimco Realty from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, December 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock.
Kimco Realty Price Performance
Kimco Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, March 6th. Kimco Realty’s dividend payout ratio is 94.12%.
Institutional Trading of Kimco Realty
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIM. Bank of Nova Scotia raised its position in shares of Kimco Realty by 42.9% in the 4th quarter. Bank of Nova Scotia now owns 81,686 shares of the real estate investment trust’s stock worth $1,741,000 after purchasing an additional 24,521 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of Kimco Realty during the 4th quarter valued at approximately $4,181,000. Treasurer of the State of North Carolina lifted its holdings in Kimco Realty by 9.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 298,995 shares of the real estate investment trust’s stock worth $6,372,000 after purchasing an additional 25,500 shares in the last quarter. TD Asset Management Inc lifted its holdings in Kimco Realty by 5.4% in the 4th quarter. TD Asset Management Inc now owns 203,779 shares of the real estate investment trust’s stock worth $4,343,000 after purchasing an additional 10,388 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Kimco Realty by 26.1% during the 4th quarter. United Services Automobile Association now owns 29,307 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 6,067 shares in the last quarter. Hedge funds and other institutional investors own 90.42% 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.
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