Kimco Realty (NYSE:KIM) Price Target Raised to $24.00 at Scotiabank

Kimco Realty (NYSE:KIM) had its target price increased by Scotiabank from $22.00 to $24.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Argus restated a “buy” rating and issued a $27.00 target price on shares of Kimco Realty in a research note on Monday, December 1st. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup lowered their price target on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Robert W. Baird set a $25.00 price objective on Kimco Realty in a report on Friday, February 13th. Finally, UBS Group decreased their target price on Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.70.

Kimco Realty Trading Down 0.7%

KIM stock opened at $22.54 on Tuesday. The company has a market capitalization of $15.19 billion, a PE ratio of 27.82, a P/E/G ratio of 1.27 and a beta of 1.04. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $23.91. The firm’s 50-day moving average is $22.26 and its 200 day moving average is $21.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a $0.26 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.6%. Kimco Realty’s payout ratio is currently 128.40%.

Hedge Funds Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC purchased a new position in Kimco Realty during the third quarter valued at approximately $27,000. Zions Bancorporation National Association UT lifted its holdings in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares during the period. City Holding Co. purchased a new stake in Kimco Realty during the third quarter worth $30,000. Brown Lisle Cummings Inc. boosted its position in Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the 2nd quarter valued at $37,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.