Kimco Realty (KIM) Scheduled to Post Earnings on Thursday

Kimco Realty (NYSE:KIM - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Kimco Realty to post earnings of $0.41 per share for the quarter. Kimco Realty has set its FY 2024 guidance at 1.600-1.620 EPS and its FY24 guidance at $1.60-$1.62 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.23). The firm had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business's revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, analysts expect Kimco Realty to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kimco Realty Price Performance

Shares of KIM traded down $0.01 during mid-day trading on Thursday, reaching $23.95. 2,860,695 shares of the stock traded hands, compared to its average volume of 4,602,438. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 3.95 and a beta of 1.50. Kimco Realty has a 1 year low of $16.34 and a 1 year high of $24.67. The firm has a fifty day moving average price of $23.30 and a 200 day moving average price of $20.83. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.24 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 4.01%. Kimco Realty's dividend payout ratio is currently 181.13%.

Insiders Place Their Bets

In other news, COO David Jamieson sold 50,000 shares of the stock in a transaction that occurred 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 owns 337,111 shares in the company, valued at $7,389,473.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Truist Financial raised their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Robert W. Baird lifted their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Scotiabank upped their price target on Kimco Realty from $21.00 to $23.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Finally, Raymond James upgraded shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price objective for the company in a report on Friday, August 16th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $23.55.

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.