Citigroup Has Lowered Expectations for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM - Free Report) had its target price decreased by Citigroup from $27.00 to $21.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust's stock.

Other equities analysts have also recently issued reports about the stock. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI reduced 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, Scotiabank reduced 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. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.50.

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Kimco Realty Trading Down 0.8 %

Kimco Realty stock traded down $0.18 during midday trading on Monday, hitting $20.74. 4,009,571 shares of the stock were exchanged, compared to its average volume of 4,065,510. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 2.78 and a beta of 1.53. The stock's 50-day simple moving average is $21.88 and its 200 day simple moving average is $23.21. 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 (NYSE:KIM - Get Free Report) last announced 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%. On average, equities analysts anticipate that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. Kimco Realty's dividend payout ratio is currently 178.57%.

Institutional Investors Weigh In On Kimco Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty in the third quarter worth $31,000. Brown Brothers Harriman & Co. raised its position in shares of Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Kimco Realty during the third quarter valued at about $37,000. Finally, Headlands Technologies LLC purchased a new stake in Kimco Realty during the fourth quarter valued at about $45,000. Institutional investors own 89.25% of the company's stock.

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.