Headlines about Kimco Realty Corporation (NYSE:KIM) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimco Realty Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8524331333572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
A number of research firms have recently commented on KIM. JPMorgan Chase & Co. raised Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Tuesday, September 26th. BidaskClub downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Citigroup Inc. boosted their target price on Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $25.00 price target on shares of Kimco Realty Corporation in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.43.
Kimco Realty Corporation (NYSE:KIM) opened at 18.33 on Friday. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $27.26. The stock has a 50 day moving average price of $19.51 and a 200-day moving average price of $19.47. The firm has a market cap of $7.80 billion, a P/E ratio of 37.33 and a beta of 0.67.
Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The company had revenue of $290.92 million for the quarter, compared to the consensus estimate of $295.34 million. Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, December 29th. This represents a $1.12 annualized dividend and a yield of 6.11%. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s payout ratio is presently 125.58%.
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About Kimco Realty Corporation
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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