Kimco Realty Corporation (NYSE:KIM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kimco Realty Corporation (NYSE:KIM) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.1786.

Several research analysts recently issued reports on the stock. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research report on Friday, February 13th. Evercore set a $24.00 target price on shares of Kimco Realty in a research note on Friday, February 13th. Wells Fargo & Company decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Piper Sandler raised their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $23.50 price objective on Kimco Realty in a report on Monday, January 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $27,000. Zions Bancorporation National Association UT boosted its stake in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,049 shares during the last quarter. City Holding Co. acquired a new stake in Kimco Realty during the 3rd quarter worth $30,000. Brown Lisle Cummings Inc. grew its holdings 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 worth $30,000 after acquiring an additional 840 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty during the 2nd quarter valued at $37,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.1%

KIM stock opened at $23.54 on Wednesday. The business has a fifty day moving average price of $21.46 and a 200 day moving average price of $21.32. 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 has a fifty-two week low of $17.93 and a fifty-two week high of $23.91. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.32 and a beta of 1.04.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.04 annualized dividend and a yield of 4.4%. Kimco Realty’s dividend payout ratio (DPR) is currently 128.40%.

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.