Kimco Realty (KIM) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Kimco Realty (NYSE:KIM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kimco Realty earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.2213099403323 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of Kimco Realty (NYSE:KIM) traded up $0.07 during trading hours on Friday, reaching $18.02. The company’s stock had a trading volume of 2,820,000 shares, compared to its average volume of 4,090,000. 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 has a 12-month low of $17.02 and a 12-month high of $26.16. The firm has a market cap of $7,670.00, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.14 and a beta of 0.65.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts predict that Kimco Realty will post 1.55 earnings per share for the current year.

The firm also recently declared 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 6.22%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio (DPR) is presently 158.82%.

KIM has been the topic of a number of analyst reports. BMO Capital Markets set a $21.00 price objective on Kimco Realty and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus lowered Kimco Realty from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price objective on shares of Kimco Realty in a research note on Friday, November 10th. Mizuho reaffirmed a “hold” rating and set a $19.00 price objective on shares of Kimco Realty in a research note on Monday, October 9th. Finally, Stifel Nicolaus initiated coverage on Kimco Realty in a research note on Thursday, November 30th. They set a “hold” rating and a $19.50 price objective on the stock. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Kimco Realty currently has an average rating of “Hold” and a consensus target price of $22.75.

In other Kimco Realty news, insider Milton Cooper purchased 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

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Kimco Realty 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.

Insider Buying and Selling by Quarter for Kimco Realty (NYSE:KIM)

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