Kimco Realty (KIM) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Kimco Realty (NYSE:KIM) in a research report report published on Thursday morning. The firm currently has a $17.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the company. Barclays decreased their target price on Kimco Realty from $21.00 to $20.00 and set an overweight rating on the stock in a research note on Tuesday. SunTrust Banks set a $18.00 target price on Kimco Realty and gave the company a hold rating in a research report on Monday, January 22nd. Zacks Investment Research downgraded Kimco Realty from a hold rating to a sell rating in a research report on Tuesday, January 2nd. ValuEngine downgraded Kimco Realty from a buy rating to a hold rating in a research report on Sunday, December 31st. Finally, Mizuho set a $20.00 target price on Kimco Realty and gave the company a hold rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $21.34.

Shares of Kimco Realty (KIM) traded down $0.47 during midday trading on Thursday, reaching $14.89. The company’s stock had a trading volume of 2,647,066 shares, compared to its average volume of 5,479,251. The company has a market cap of $6,772.15 and a price-to-earnings ratio of 17.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. Kimco Realty has a fifty-two week low of $14.86 and a fifty-two week high of $25.15.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 7.52%. Kimco Realty’s dividend payout ratio is presently 130.23%.

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 acquired at an average cost of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC bought a new stake in Kimco Realty during the third quarter valued at about $105,000. Orinda Asset Management LLC bought a new stake in Kimco Realty during the fourth quarter valued at about $182,000. Eqis Capital Management Inc. bought a new stake in Kimco Realty during the third quarter valued at about $201,000. Stoneridge Investment Partners LLC bought a new stake in Kimco Realty during the third quarter valued at about $203,000. Finally, Kelman Lazarov Inc. bought a new stake in Kimco Realty during the fourth quarter valued at about $189,000. 92.10% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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