Mizuho reissued their hold rating on shares of Kimco Realty Corporation (NYSE:KIM) in a research note issued to investors on Monday morning. They currently have a $19.00 price objective on the real estate investment trust’s stock.
Several other analysts also recently commented on the stock. BMO Capital Markets began coverage on shares of Kimco Realty Corporation in a research report on Monday, September 11th. They set a market perform rating and a $21.00 price objective on the stock. Citigroup Inc. raised their price objective on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a neutral rating in a research report on Monday, August 14th. BidaskClub upgraded shares of Kimco Realty Corporation from a sell rating to a hold rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co upgraded shares of Kimco Realty Corporation from a neutral rating to an overweight rating and set a $24.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Boenning Scattergood restated a hold rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kimco Realty Corporation currently has an average rating of Hold and a consensus target price of $24.43.
Shares of Kimco Realty Corporation (NYSE KIM) opened at 19.42 on Monday. The company has a market cap of $8.27 billion, a PE ratio of 39.55 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $28.52. The firm’s 50-day moving average is $19.68 and its 200-day moving average is $19.68.
Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The business had revenue of $292.84 million during the quarter, compared to the consensus estimate of $290.95 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Kimco Realty Corporation will post $0.70 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a yield of 5.56%. Kimco Realty Corporation’s payout ratio is 220.41%.
A number of institutional investors and hedge funds have recently bought and sold shares of KIM. Pacer Advisors Inc. grew its stake in Kimco Realty Corporation by 8.4% during the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 790 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in Kimco Realty Corporation during the third quarter valued at $201,000. Carnegie Capital Asset Management LLC purchased a new position in Kimco Realty Corporation during the second quarter valued at $204,000. Creative Planning grew its stake in Kimco Realty Corporation by 31.8% during the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 2,715 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in Kimco Realty Corporation by 5.6% during the second quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 564 shares in the last quarter. 89.05% of the stock is owned by institutional investors.
About Kimco Realty Corporation
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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