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

Kimco Realty Corp (NYSE:KIM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.55.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $20.00 to $23.00 in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Robert W. Baird increased their target price on Kimco Realty from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Finally, Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target for the company in a research report on Friday, August 16th.

Insiders Place Their Bets

In other news, COO David Jamieson sold 50,000 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the sale, the chief operating officer now directly owns 337,111 shares of the company's stock, valued at $7,389,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Kimco Realty

A number of large investors have recently bought and sold shares of the company. American International Group Inc. lifted its position in Kimco Realty by 6.3% during the fourth quarter. American International Group Inc. now owns 174,307 shares of the real estate investment trust's stock valued at $3,714,000 after purchasing an additional 10,407 shares during the period. CWM LLC lifted its holdings in shares of Kimco Realty by 8.3% in the 1st quarter. CWM LLC now owns 11,255 shares of the real estate investment trust's stock valued at $221,000 after buying an additional 867 shares during the period. Mather Group LLC. purchased a new stake in shares of Kimco Realty in the first quarter worth about $82,000. Czech National Bank grew its holdings in Kimco Realty by 8.0% during the first quarter. Czech National Bank now owns 117,209 shares of the real estate investment trust's stock worth $2,298,000 after acquiring an additional 8,642 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in Kimco Realty by 1.9% during the first quarter. Gulf International Bank UK Ltd now owns 52,496 shares of the real estate investment trust's stock valued at $1,029,000 after acquiring an additional 971 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Up 0.6 %

KIM stock traded up $0.15 during mid-day trading on Friday, reaching $24.62. The company had a trading volume of 3,117,792 shares, compared to its average volume of 4,639,503. The company has a market capitalization of $16.60 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 3.95 and a beta of 1.50. The firm has a 50 day moving average of $23.17 and a 200 day moving average of $20.73. Kimco Realty has a 12 month low of $16.34 and a 12 month high of $24.67. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The firm had revenue of $500.20 million for the quarter, compared to analysts' expectations of $500.87 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Kimco Realty will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 3.90%. Kimco Realty's payout ratio is 181.13%.

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.