JPMorgan Chase & Co. Has Lowered Expectations for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $25.00 to $24.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust's stock.

KIM has been the subject of a number of other research reports. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Wells Fargo & Company cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Mizuho upped their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.83.

Kimco Realty Price Performance

Shares of KIM stock traded down $0.11 on Tuesday, reaching $21.52. 3,265,437 shares of the company were exchanged, compared to its average volume of 4,500,597. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.77 and a beta of 1.50. The business has a 50-day moving average price of $22.67 and a 200 day moving average price of $23.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.65%. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

Hedge Funds Weigh In On Kimco Realty

Several large investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the last quarter. FMR LLC lifted its holdings in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kimco Realty by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after acquiring an additional 377,074 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Kimco Realty by 18.3% in the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares during the last quarter. Finally, Resolution Capital Ltd lifted its holdings in shares of Kimco Realty by 13.7% in the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after acquiring an additional 1,992,550 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.