Boenning Scattergood reiterated their hold rating on shares of Kimco Realty Corporation (NYSE:KIM) in a research report released on Friday. Boenning Scattergood also issued estimates for Kimco Realty Corporation’s Q2 2018 earnings at $0.39 EPS and Q3 2018 earnings at $0.39 EPS.
A number of other equities research analysts have also issued reports on the stock. J P Morgan Chase & Co raised shares of Kimco Realty Corporation from a neutral rating to an overweight rating and set a $24.00 price objective for the company in a report on Tuesday, September 26th. BidaskClub lowered shares of Kimco Realty Corporation from a buy rating to a hold rating in a report on Friday, August 18th. Citigroup Inc. upped their price objective on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a neutral rating in a report on Monday, August 14th. Royal Bank Of Canada reissued a buy rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a report on Friday, August 4th. Finally, Barclays PLC reissued an overweight rating and issued a $23.00 price objective (up previously from $22.00) on shares of Kimco Realty Corporation in a report on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Kimco Realty Corporation has a consensus rating of Hold and a consensus target price of $24.43.
Kimco Realty Corporation (KIM) traded up 0.16% during trading on Friday, reaching $18.36. 4,537,909 shares of the company’s stock traded hands. The company has a 50-day moving average price of $19.40 and a 200 day moving average price of $19.44. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $26.64. The firm has a market capitalization of $7.81 billion, a PE ratio of 37.39 and a beta of 0.67.
Kimco Realty Corporation (NYSE:KIM) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $295.34 million. During the same period in the previous year, the company earned $0.38 EPS. Kimco Realty Corporation’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Kimco Realty Corporation will post $0.68 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a yield of 6.10%. This is a boost from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s dividend payout ratio is presently 125.58%.
A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Penserra Capital Management LLC acquired a new position in Kimco Realty Corporation in the third quarter valued at about $105,000. Pacer Advisors Inc. lifted its position in Kimco Realty Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 790 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Kimco Realty Corporation in the third quarter valued at about $201,000. Carnegie Capital Asset Management LLC acquired a new position in Kimco Realty Corporation in the second quarter valued at about $204,000. Finally, Creative Planning lifted its position in Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,715 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.
Kimco Realty Corporation Company Profile
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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