Analysts Set Kimco Realty Corp (NYSE:KIM) Target Price at $24.50

Kimco Realty Corp (NYSE:KIM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.50.

Several brokerages have recently weighed in on KIM. Mizuho cut shares of Kimco Realty from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Truist Financial increased their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Compass Point increased their price objective on Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Argus raised Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Finally, Scotiabank increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after acquiring an additional 482 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust's stock valued at $816,000 after purchasing an additional 522 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. CWM LLC boosted its stake in shares of Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock valued at $309,000 after purchasing an additional 595 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 663 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Down 0.6 %

Shares of KIM traded down $0.14 during mid-day trading on Monday, hitting $25.05. 3,109,773 shares of the company's stock were exchanged, compared to its average volume of 4,521,910. The company has a market cap of $16.88 billion, a PE ratio of 45.54, a P/E/G ratio of 3.30 and a beta of 1.50. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a 50-day simple moving average of $24.37 and a 200 day simple moving average of $22.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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 business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, research analysts forecast 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 will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's payout ratio is currently 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.