Analysts Set Kimco Realty Corp (NYSE:KIM) Target Price at $24.14

Kimco Realty Corp (NYSE:KIM - Get Free Report) has earned an average rating of "Moderate Buy" from the seventeen ratings firms that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.14.

A number of analysts have recently issued reports on KIM shares. Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday. Argus upgraded Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Truist Financial raised 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. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 target price for the company in a research note on Friday, August 16th. Finally, Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th.

Institutional Trading of Kimco Realty

Large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in shares of Kimco Realty during the third quarter valued at approximately $37,000. Blue Trust Inc. grew its position in shares of Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,816 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 773 shares during the period. Finally, UMB Bank n.a. increased its position in Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock valued at $66,000 after buying an additional 1,787 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

NYSE KIM traded down $0.12 on Thursday, hitting $24.70. The stock had a trading volume of 1,331,501 shares, compared to its average volume of 4,576,189. The firm has a 50-day moving average of $23.70 and a 200-day moving average of $21.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.19. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 44.85, a price-to-earnings-growth ratio of 3.26 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period in the prior year, the business posted $0.40 EPS. Kimco Realty's quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts expect that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. Kimco Realty's dividend payout ratio is presently 174.55%.

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.