Kimco Realty Corp (NYSE:KIM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.21.

Several research analysts have recently commented on the stock. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Robert W. Baird upped their price target on Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Scotiabank lifted their price objective on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd.

Insider Buying and Selling at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the sale, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kimco Realty

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $27,000. Principal Securities Inc. purchased a new position in shares of Kimco Realty during the 4th quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 773 shares during the period. Finally, UMB Bank n.a. raised its position in Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,787 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of KIM opened at $22.99 on Friday. The firm has a 50-day simple moving average of $21.54 and a two-hundred day simple moving average of $19.84. The stock has a market cap of $15.49 billion, a PE ratio of 43.37, a P/E/G ratio of 3.96 and a beta of 1.51. Kimco Realty has a 1-year low of $16.34 and a 1-year high of $23.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The company had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts forecast that Kimco Realty will post 1.62 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, September 5th. Kimco Realty’s dividend payout ratio is currently 181.13%.

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.