Kimco Realty Corp (NYSE:KIM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kimco Realty Corp (NYSE:KIM) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.50.

KIM has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Kimco Realty Trading Down 0.7 %

Shares of NYSE:KIM opened at $21.19 on Wednesday. Kimco Realty has a 12-month low of $17.57 and a 12-month high of $25.83. The business has a 50 day moving average of $21.83 and a 200-day moving average of $23.17. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $14.40 billion, a PE ratio of 37.84, a P/E/G ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.72%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

Hedge Funds Weigh In On Kimco Realty

A number of hedge funds have recently modified their holdings of the business. Captrust Financial Advisors raised its position in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares during the last quarter. Keybank National Association OH increased its stake in shares of Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 496 shares during the period. Global Assets Advisory LLC raised its position in shares of Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 528 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 539 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

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.