Equities analysts expect that Kimco Realty Corp (NYSE:KIM) will report sales of $280.46 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Kimco Realty’s earnings, with estimates ranging from $267.66 million to $298.90 million. Kimco Realty posted sales of $310.63 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The company is expected to announce its next earnings report before the market opens on Thursday, January 31st.
According to Zacks, analysts expect that Kimco Realty will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.22 billion. For the next year, analysts expect that the business will report sales of $1.13 billion, with estimates ranging from $1.08 billion to $1.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Kimco Realty.
A number of research firms recently weighed in on KIM. Scotiabank began coverage on shares of Kimco Realty in a research report on Tuesday, October 16th. They issued an “underperform” rating on the stock. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.
NYSE:KIM traded down $0.40 during midday trading on Wednesday, reaching $16.21. The stock had a trading volume of 7,933,002 shares, compared to its average volume of 2,926,861. Kimco Realty has a 12-month low of $13.16 and a 12-month high of $19.11. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 6.91%. Kimco Realty’s payout ratio is currently 72.26%.
Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Kimco Realty by 0.4% during the 3rd quarter. BlackRock Inc. now owns 40,287,201 shares of the real estate investment trust’s stock worth $674,407,000 after purchasing an additional 150,935 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kimco Realty by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,110,958 shares of the real estate investment trust’s stock worth $269,698,000 after purchasing an additional 2,161,479 shares in the last quarter. FMR LLC boosted its position in shares of Kimco Realty by 3.5% during the 3rd quarter. FMR LLC now owns 8,950,815 shares of the real estate investment trust’s stock worth $149,837,000 after purchasing an additional 298,580 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Kimco Realty by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,862,687 shares of the real estate investment trust’s stock worth $114,877,000 after purchasing an additional 128,954 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Kimco Realty by 7.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,118,022 shares of the real estate investment trust’s stock worth $86,956,000 after purchasing an additional 348,478 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.
Kimco Realty Company Profile
Kimco Realty Corp. 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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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