Kimco Realty Corp (NYSE:KIM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Kimco Realty Corp (NYSE:KIM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.75.

Several research analysts have recently issued reports on the stock. Scotiabank decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Citigroup lowered their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group lowered 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 lowered their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th.

Kimco Realty Stock Performance

KIM traded up $0.02 during trading hours on Friday, hitting $20.31. The company's stock had a trading volume of 3,907,480 shares, compared to its average volume of 4,372,738. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $22.81. The firm has a market capitalization of $13.80 billion, a PE ratio of 36.26, a PEG ratio of 2.78 and a beta of 1.25.

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

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.92%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Institutional Trading of Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of KIM. Baker Ellis Asset Management LLC lifted its stake in Kimco Realty by 1.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 134,345 shares of the real estate investment trust's stock worth $2,853,000 after acquiring an additional 2,417 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Kimco Realty by 20.0% in the 1st quarter. Handelsbanken Fonder AB now owns 193,542 shares of the real estate investment trust's stock valued at $4,111,000 after purchasing an additional 32,300 shares during the period. SG Americas Securities LLC lifted its position in shares of Kimco Realty by 3,689.2% in the first quarter. SG Americas Securities LLC now owns 709,410 shares of the real estate investment trust's stock worth $15,068,000 after purchasing an additional 690,688 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in shares of Kimco Realty by 10.4% during the first quarter. Ibex Wealth Advisors now owns 13,113 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 1,236 shares during the period. Finally, Vert Asset Management LLC grew its position in Kimco Realty by 6.0% during the first quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust's stock valued at $6,707,000 after purchasing an additional 17,966 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

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.