Analysts Set Kimco Realty Corp (KIM) Price Target at $22.22

Shares of Kimco Realty Corp (NYSE:KIM) have been given an average recommendation of “Hold” by the seventeen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.22.

A number of equities research analysts have weighed in on KIM shares. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Kimco Realty in a report on Friday, November 10th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a report on Friday, October 27th. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty and gave the stock a “hold” rating in a report on Wednesday, October 25th. Mizuho reissued a “hold” rating and set a $19.00 target price on shares of Kimco Realty in a report on Monday, October 9th. Finally, Stifel Nicolaus started coverage on shares of Kimco Realty in a report on Thursday, November 30th. They set a “hold” rating and a $19.50 target price on the stock.

In other news, insider Milton Cooper acquired 50,000 shares of Kimco Realty stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Several large investors have recently bought and sold shares of KIM. Penserra Capital Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $105,000. Pacer Advisors Inc. boosted its stake in shares of Kimco Realty by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 790 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $201,000. Stoneridge Investment Partners LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $203,000. Finally, Carnegie Capital Asset Management LLC bought a new stake in shares of Kimco Realty in the 2nd quarter valued at $204,000. 91.58% of the stock is currently owned by institutional investors.

Shares of Kimco Realty (NYSE KIM) traded down $0.25 during trading on Wednesday, hitting $16.76. 5,447,375 shares of the company traded hands, compared to its average volume of 3,470,497. The company has a market cap of $7,240.37, a price-to-earnings ratio of 19.49, a PEG ratio of 2.07 and a beta of 0.65. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a 12 month low of $16.68 and a 12 month high of $25.70.

Kimco Realty (NYSE:KIM) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $295.34 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that Kimco Realty will post 1.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.28 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio is currently 130.23%.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2018/01/13/analysts-set-kimco-realty-corp-kim-price-target-at-22-22.html.

About Kimco Realty

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.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit