Analysts Set Kimco Realty Corp (NYSE:KIM) PT at $24.84

Kimco Realty Corp (NYSE:KIM - Get Free Report) has been given a consensus recommendation of "Hold" by the seventeen ratings firms that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $24.84.

KIM has been the subject of several analyst reports. JPMorgan Chase & Co. cut Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $25.00 in a research note on Thursday. Mizuho raised their target price 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. Scotiabank upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Finally, Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock worth $145,420,000 after buying an additional 5,598,091 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock worth $154,583,000 after acquiring an additional 2,400,752 shares in the last quarter. FMR LLC lifted its stake in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after purchasing an additional 1,283,352 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock valued at $221,740,000 after purchasing an additional 1,193,600 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Kimco Realty by 71.5% during the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock valued at $54,345,000 after purchasing an additional 1,164,029 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 0.9 %

NYSE:KIM traded up $0.20 on Friday, reaching $23.17. The company's stock had a trading volume of 2,875,318 shares, compared to its average volume of 3,146,859. The firm has a market cap of $15.62 billion, a PE ratio of 42.13, a PEG ratio of 3.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The business's 50-day moving average price is $24.44 and its two-hundred day moving average price is $22.88. 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 quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Equities research analysts anticipate that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty's payout ratio is presently 181.82%.

Kimco Realty Company Profile

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.