Kimco Realty (NYSE:KIM) is set to release its earnings data before the market opens on Thursday, April 26th. Analysts expect Kimco Realty to post earnings of $0.15 per share for the quarter. Kimco Realty has set its FY18 guidance at $1.42-1.46 EPS.
Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.21). The firm had revenue of $310.63 million for the quarter, compared to analysts’ expectations of $297.92 million. Kimco Realty had a return on equity of 7.85% and a net margin of 35.48%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, analysts expect Kimco Realty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
KIM opened at $13.31 on Wednesday. The firm has a market cap of $5,671.32, a price-to-earnings ratio of 8.59, a PEG ratio of 2.74 and a beta of 0.50. Kimco Realty has a 52 week low of $13.22 and a 52 week high of $21.85. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.16.
Kimco Realty declared that its Board of Directors has initiated a share buyback plan on Thursday, February 15th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 8.41%. Kimco Realty’s payout ratio is currently 72.26%.
A number of research analysts have recently issued reports on KIM shares. Zacks Investment Research downgraded Kimco Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Evercore ISI downgraded Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, March 5th. ValuEngine downgraded Kimco Realty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Deutsche Bank cut their price target on Kimco Realty from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Finally, Morgan Stanley downgraded Kimco Realty from an “overweight” rating to an “equal” rating in a report on Tuesday, March 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.52.
In other news, Director Frank Lourenso sold 3,380 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $15.29, for a total value of $51,680.20. Following the completion of the sale, the director now owns 182,481 shares of the company’s stock, valued at approximately $2,790,134.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.
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Kimco Realty Company Profile
Kimco Realty Corp. (NYSE: KIM) 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, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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