Kimco Realty (NYSE:KIM - Get Free Report) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42, Zacks reports. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty updated its FY 2025 guidance to 1.700-1.720 EPS.
Kimco Realty Stock Performance
Kimco Realty stock traded up $0.22 during mid-day trading on Tuesday, reaching $22.36. The company's stock had a trading volume of 3,598,417 shares, compared to its average volume of 4,577,778. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.92 and a beta of 1.50. The business has a 50 day moving average price of $23.15 and a 200-day moving average price of $23.38. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83.
Kimco Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's dividend payout ratio is presently 181.82%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on KIM shares. JPMorgan Chase & Co. cut shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target on the stock. in a research report on Friday, December 20th. Mizuho lifted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. UBS Group lifted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Robert W. Baird lifted their price objective 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.97.
Read Our Latest Research Report on KIM
Kimco Realty Company Profile
(
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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.
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