News headlines about Kimco Realty Corporation (NYSE:KIM) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kimco Realty Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.4059219190696 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Dania Pointe shopping center gearing up for 2018 opening (sun-sentinel.com)
- Kimco Realty Corporation (KIM) PT Raised to $21.00 (americanbankingnews.com)
- Analysts Expect Kimco Realty Corporation (NYSE:KIM) to Post $0.38 EPS (americanbankingnews.com)
- Critical Contrast: Kimco Realty Corporation (KIM) versus Simon Property Group (SPG) (americanbankingnews.com)
- Kimco Realty Corporation (NYSE:KIM) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Shares of Kimco Realty Corporation (KIM) traded up 0.05% during trading on Wednesday, hitting $19.68. 2,739,818 shares of the stock were exchanged. The stock’s 50 day moving average price is $19.40 and its 200 day moving average price is $20.81. The stock has a market cap of $8.38 billion, a PE ratio of 40.08 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $30.71.
Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The business had revenue of $292.84 million during the quarter, compared to analyst estimates of $290.95 million. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. Equities research analysts predict that Kimco Realty Corporation will post $0.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is currently 220.41%.
Several brokerages recently weighed in on KIM. BidaskClub raised shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Citigroup Inc. raised their target price on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kimco Realty Corporation in a report on Friday, August 4th. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.28.
In other news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average cost of $17.37 per share, with a total value of $347,400.00. Following the transaction, the director now owns 41,045 shares in the company, valued at approximately $712,951.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.
Kimco Realty Corporation Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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