Kimco Realty (NYSE:KIM) Given New $24.00 Price Target at Scotiabank

Kimco Realty (NYSE:KIM - Free Report) had its price target trimmed by Scotiabank from $26.00 to $24.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

Other equities analysts also recently issued research reports about the company. Mizuho decreased their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Evercore ISI reduced their price target on 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. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Ten 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.43.

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Kimco Realty Trading Down 2.4 %

Shares of Kimco Realty stock traded down $0.54 during midday trading on Friday, reaching $21.52. 5,115,438 shares of the company's stock traded hands, compared to its average volume of 4,418,623. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The company has a market cap of $14.62 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The stock has a 50 day moving average of $22.35 and a 200-day moving average of $23.38. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities analysts expect that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.65%. Kimco Realty's dividend payout ratio is currently 178.57%.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its position in shares of Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 482 shares during the last quarter. Keybank National Association OH boosted its position in shares of Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 496 shares during the last quarter. Global Assets Advisory LLC boosted its position in shares of Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 528 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 539 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 565 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.