$0.39 EPS Expected for Kimco Realty Corporation (KIM) This Quarter

Wall Street analysts predict that Kimco Realty Corporation (NYSE:KIM) will announce earnings per share of $0.39 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Kimco Realty Corporation’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.38. Kimco Realty Corporation posted earnings per share of $0.16 in the same quarter last year, which indicates a positive year over year growth rate of 143.8%. The firm is expected to report its next earnings results on Thursday, February 1st.

On average, analysts expect that Kimco Realty Corporation will report full year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.56. For the next fiscal year, analysts expect that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.54 to $1.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Kimco Realty Corporation.

Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The business had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several equities analysts have issued reports on KIM shares. J P Morgan Chase & Co upgraded Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 26th. BidaskClub downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Citigroup Inc. boosted their target price on Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $25.00 target price on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.25.

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in Kimco Realty Corporation by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 652,182 shares of the real estate investment trust’s stock valued at $12,750,000 after acquiring an additional 3,299 shares during the period. Davis Selected Advisers acquired a new position in shares of Kimco Realty Corporation during the third quarter worth about $9,022,000. Afam Capital Inc. boosted its position in shares of Kimco Realty Corporation by 26.4% during the third quarter. Afam Capital Inc. now owns 122,796 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 25,627 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Kimco Realty Corporation during the third quarter worth about $243,000. Finally, Janus Henderson Group PLC boosted its position in shares of Kimco Realty Corporation by 63.6% during the third quarter. Janus Henderson Group PLC now owns 131,325 shares of the real estate investment trust’s stock worth $2,567,000 after buying an additional 51,043 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.

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Shares of Kimco Realty Corporation (KIM) traded down $0.25 on Thursday, reaching $18.74. The company’s stock had a trading volume of 7,392,048 shares, compared to its average volume of 4,404,471. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.63. The company has a market cap of $8,240.00, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 2.24 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.98%. This is a boost from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. Kimco Realty Corporation’s payout ratio is presently 158.82%.

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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Earnings History and Estimates for Kimco Realty Corporation (NYSE:KIM)

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