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

Shares of Kimco Realty Corporation (NYSE:KIM) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.70.

Several brokerages have recently issued reports on KIM. Mizuho set a $21.00 price target on shares of Kimco Realty in a report on Friday, January 9th. UBS Group dropped their price objective on Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Barclays reiterated an “overweight” rating and set a $25.00 target price on shares of Kimco Realty in a report on Tuesday, January 13th. Robert W. Baird set a $25.00 price target on Kimco Realty in a report on Friday, February 13th. Finally, Weiss Ratings raised Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KIM. Old North State Trust LLC grew its stake in shares of Kimco Realty by 37.3% during the 4th quarter. Old North State Trust LLC now owns 16,161 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 4,387 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Kimco Realty by 8.6% in the fourth quarter. Hsbc Holdings PLC now owns 3,587,902 shares of the real estate investment trust’s stock worth $72,724,000 after purchasing an additional 283,385 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Kimco Realty by 9.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after purchasing an additional 48,672 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Kimco Realty by 5.6% during the fourth quarter. Corient Private Wealth LLC now owns 43,112 shares of the real estate investment trust’s stock worth $874,000 after purchasing an additional 2,302 shares during the last quarter. Finally, Reflection Asset Management bought a new position in Kimco Realty in the fourth quarter valued at $1,184,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.2%

Kimco Realty stock opened at $22.21 on Friday. The company’s 50 day simple moving average is $22.35 and its 200 day simple moving average is $21.42. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $23.91. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.24 and a beta of 1.04. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is 128.40%.

About Kimco Realty

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.