Kimco Realty Corp (NYSE:KIM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $24.50.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Scotiabank dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Evercore ISI dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Citigroup dropped their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairtree Asset Management Pty Ltd bought a new position in shares of Kimco Realty in the fourth quarter valued at $786,000. 111 Capital bought a new position in shares of Kimco Realty in the fourth quarter valued at $287,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Kimco Realty during the fourth quarter worth $5,061,000. Phocas Financial Corp. bought a new position in Kimco Realty during the fourth quarter worth $211,000. Finally, Siemens Fonds Invest GmbH bought a new position in Kimco Realty during the fourth quarter worth $131,000. 89.25% of the stock is owned by institutional investors.

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Kimco Realty Trading Down 0.6 %

NYSE KIM traded down $0.14 on Wednesday, reaching $20.78. The company had a trading volume of 10,869,598 shares, compared to its average volume of 4,084,433. The stock's 50 day moving average is $21.86 and its 200-day moving average is $23.19. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.78 and a beta of 1.53. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. Kimco Realty's dividend payout ratio is presently 178.57%.

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.