Analysts forecast that Kimco Realty Corporation (NYSE:KIM) will announce earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Kimco Realty Corporation’s earnings, with estimates ranging from $0.38 to $0.39. Kimco Realty Corporation reported earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 143.8%. The business is expected to issue its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Kimco Realty Corporation will report full year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.56. For the next financial year, analysts anticipate that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.54 to $1.63. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Kimco Realty Corporation.
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 the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same quarter last year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year.
KIM has been the subject of a number of research reports. J P Morgan Chase & Co upgraded Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a research note on Tuesday, September 26th. BidaskClub lowered Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday, July 28th. Citigroup Inc. raised 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 restated a “buy” rating and issued a $25.00 target price 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.25.
A number of hedge funds have recently made changes to their positions in the stock. Financial Advisory Service Inc. boosted its holdings in Kimco Realty Corporation by 1.1% during the second quarter. Financial Advisory Service Inc. now owns 11,327 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 127 shares during the last quarter. People s United Financial Inc. boosted its holdings in Kimco Realty Corporation by 0.4% during the second quarter. People s United Financial Inc. now owns 43,835 shares of the real estate investment trust’s stock worth $805,000 after buying an additional 181 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Kimco Realty Corporation by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 200 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Kimco Realty Corporation by 0.6% during the second quarter. CIBC Asset Management Inc now owns 40,500 shares of the real estate investment trust’s stock worth $743,000 after buying an additional 232 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Kimco Realty Corporation by 0.3% during the second quarter. Commerce Bank now owns 106,143 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.
Shares of Kimco Realty Corporation (NYSE:KIM) traded up $0.05 during trading hours on Thursday, hitting $19.35. The stock had a trading volume of 4,277,986 shares, compared to its average volume of 4,034,343. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $26.63. The firm has a market capitalization of $8,236.39, a price-to-earnings ratio of 12.81, a PEG ratio of 2.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.79%. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. Kimco Realty Corporation’s dividend payout ratio (DPR) 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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