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.
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%.
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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.
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