Shares of Kimco Realty Corp (NYSE:KIM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.85 and traded as high as $23.51. Kimco Realty shares last traded at $23.43, with a volume of 3,107,553 shares.
Analyst Ratings Changes
Several equities analysts recently issued reports on KIM shares. JPMorgan Chase & Co. cut Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target on the stock. in a report on Friday, December 20th. Argus raised shares of Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Mizuho lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Evercore ISI decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Finally, The Goldman Sachs Group upped their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.83.
Read Our Latest Stock Report on KIM
Kimco Realty Trading Up 0.9 %
The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15.79 billion, a P/E ratio of 42.60, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50. The business has a fifty day moving average price of $24.46 and a 200 day moving average price of $22.85.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period last year, the company earned $0.40 EPS. The company's revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.
Kimco Realty Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.25 dividend. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty's payout ratio is presently 181.82%.
Hedge Funds Weigh In On Kimco Realty
Several hedge funds have recently modified their holdings of KIM. Lord Abbett & CO. LLC acquired a new position in Kimco Realty during the third quarter valued at approximately $17,636,000. Point72 DIFC Ltd bought a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $2,387,000. Victory Capital Management Inc. boosted its holdings in shares of Kimco Realty by 48.8% in the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock valued at $19,422,000 after buying an additional 274,295 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock valued at $220,131,000 after buying an additional 405,685 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Kimco Realty by 71.5% in the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock valued at $54,345,000 after buying an additional 1,164,029 shares in the last quarter. Institutional investors own 89.25% of the company's stock.
Kimco Realty Company Profile
(
Get Free Report)
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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