Kimco Realty Corp (NYSE:KIM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.43.

KIM has been the subject of several research analyst reports. Scotiabank dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Mizuho lowered their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of 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. Finally, Robert W. Baird lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Institutional Trading of Kimco Realty

Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in shares of Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 482 shares during the period. Keybank National Association OH grew 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 worth $305,000 after acquiring an additional 496 shares during the period. Global Assets Advisory LLC grew its stake in shares of Kimco Realty by 5.4% in 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 period. Avantax Advisory Services Inc. grew 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. grew its stake in shares of 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 worth $544,000 after acquiring an additional 565 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 2.2 %

NYSE:KIM opened at $22.09 on Friday. The company has a 50-day moving average price of $22.42 and a 200-day moving average price of $23.37. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities analysts predict that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. Kimco Realty’s dividend payout ratio is currently 178.57%.

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.