Kimco Realty Corp Declares Quarterly Dividend of $0.25 (NYSE:KIM)

Kimco Realty Corp (NYSE:KIM - Get Free Report) declared a quarterly dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.25 per share by the real estate investment trust on Friday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, March 7th.

Kimco Realty has raised its dividend by an average of 12.6% per year over the last three years. Kimco Realty has a payout ratio of 131.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kimco Realty to earn $1.69 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 59.2%.

Kimco Realty Stock Down 0.4 %

KIM stock traded down $0.09 during midday trading on Wednesday, hitting $22.29. The company's stock had a trading volume of 4,034,838 shares, compared to its average volume of 4,558,387. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market capitalization of $15.03 billion, a P/E ratio of 40.53, a PEG ratio of 2.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The company's fifty day moving average price is $23.10 and its 200 day moving average price is $23.39.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. As a group, equities research analysts predict that Kimco Realty will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

KIM has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target for the company. in a research note on Friday, December 20th. Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company reduced their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.97.

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.