By otakuyassine3@gmail.com 
Kimco Realty (NYSE:KIM – Free Report) had its price objective reduced by Evercore ISI from $24.00 to $23.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.
Several other brokerages have also commented on KIM. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Mizuho increased their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.
View Our Latest Stock Analysis on KIM
Kimco Realty Trading Down 0.0 %
NYSE KIM opened at $23.61 on Tuesday. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83. The company’s fifty day moving average price is $24.55 and its two-hundred day moving average price is $22.68.
Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. As a group, research analysts predict that Kimco Realty will post 1.64 earnings per share for the current fiscal year.
Kimco Realty Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.24%. Kimco Realty’s payout ratio is currently 181.82%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new stake in Kimco Realty in the third quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the third quarter valued at approximately $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the third quarter valued at approximately $51,000. Finally, Castleview Partners LLC bought a new stake in Kimco Realty during the third quarter worth approximately $77,000. 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.
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