Kimco Realty Corporation (NYSE:KIM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Kimco Realty Corporation (NYSE:KIM) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.6786.

KIM has been the subject of several research analyst reports. Mizuho lifted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI lifted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a research note on Tuesday. They set a “buy” rating and a $27.00 price target for the company. Finally, Barclays boosted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Captrust Financial Advisors increased its stake in Kimco Realty by 37.8% during the 4th quarter. Captrust Financial Advisors now owns 20,201 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 5,544 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Kimco Realty by 23.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 418,627 shares of the real estate investment trust’s stock valued at $9,808,000 after purchasing an additional 78,337 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Kimco Realty by 28.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 305,955 shares of the real estate investment trust’s stock valued at $7,169,000 after purchasing an additional 67,817 shares in the last quarter. Focus Partners Wealth bought a new stake in Kimco Realty during the 4th quarter valued at $2,348,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Kimco Realty in the 4th quarter worth $355,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.35 on Wednesday. The company has a fifty day moving average of $21.69 and a 200-day moving average of $21.14. The firm has a market capitalization of $15.14 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.63 and a beta of 1.32. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, sell-side analysts anticipate that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, September 5th. Kimco Realty’s payout ratio is 120.48%.

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.