Kimco Realty Corp (NYSE:KIM) – SunTrust Banks lowered their FY2018 earnings estimates for Kimco Realty in a report issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst K. Kim now forecasts that the real estate investment trust will earn $1.47 per share for the year, down from their previous estimate of $1.53. SunTrust Banks currently has a “Hold” rating and a $18.00 target price on the stock. SunTrust Banks also issued estimates for Kimco Realty’s FY2019 earnings at $1.52 EPS, FY2020 earnings at $1.59 EPS, FY2021 earnings at $1.64 EPS and FY2022 earnings at $1.69 EPS.
A number of other equities analysts have also recently weighed in on KIM. BMO Capital Markets set a $21.00 price target on Kimco Realty and gave the stock a “hold” rating in a report on Wednesday, October 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty in a research report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Kimco Realty in a research report on Friday, November 10th. Stifel Nicolaus began coverage on Kimco Realty in a research note on Thursday, November 30th. They set a “hold” rating and a $19.50 price objective for the company. Finally, JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price target for the company. in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Kimco Realty presently has an average rating of “Hold” and an average target price of $21.34.
Kimco Realty (NYSE KIM) traded down $0.23 during midday trading on Monday, reaching $14.11. The company’s stock had a trading volume of 1,966,338 shares, compared to its average volume of 6,071,301. The stock has a market cap of $6,095.36, a PE ratio of 16.48, a PEG ratio of 2.03 and a beta of 0.45. Kimco Realty has a 52-week low of $13.70 and a 52-week high of $24.75. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 7.94%. The ex-dividend date is Monday, April 2nd. Kimco Realty’s dividend payout ratio is currently 130.23%.
In other news, insider Milton Cooper purchased 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of $19.20 per share, with a total value of $960,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KIM. Ameriprise Financial Inc. raised its stake in shares of Kimco Realty by 8.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 607,628 shares of the real estate investment trust’s stock worth $11,195,000 after purchasing an additional 46,889 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kimco Realty by 230.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 61,827 shares of the real estate investment trust’s stock valued at $1,134,000 after acquiring an additional 43,130 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in shares of Kimco Realty by 31.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 26,062 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 6,171 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of Kimco Realty by 5.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 564 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of Kimco Realty by 20.0% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 91,448 shares of the real estate investment trust’s stock valued at $1,678,000 after acquiring an additional 15,222 shares during the last quarter. 91.37% of the stock is owned by institutional investors.
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About Kimco Realty
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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