Kimco Realty (KIM) Sets New 52-Week High at $18.01

Shares of Kimco Realty Corp (NYSE:KIM) reached a new 52-week high on Friday . The company traded as high as $18.01 and last traded at $17.77, with a volume of 71327 shares trading hands. The stock had previously closed at $17.89.

A number of research firms have recently weighed in on KIM. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kimco Realty currently has an average rating of “Hold” and a consensus target price of $18.00.

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $7.55 billion, a P/E ratio of 12.21, a P/E/G ratio of 3.70 and a beta of 0.64.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.18). The business had revenue of $284.20 million for the quarter, compared to the consensus estimate of $278.28 million. Kimco Realty had a net margin of 41.49% and a return on equity of 8.84%. On average, equities analysts forecast that Kimco Realty Corp will post 1.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be issued a $0.28 dividend. The ex-dividend date is Monday, April 1st. This represents a $1.12 dividend on an annualized basis and a yield of 6.35%. Kimco Realty’s dividend payout ratio (DPR) is 77.24%.

In other news, Director Philip E. Coviello, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was acquired at an average price of $14.91 per share, for a total transaction of $74,550.00. Following the completion of the acquisition, the director now owns 52,965 shares in the company, valued at $789,708.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. CSat Investment Advisory L.P. increased its holdings in shares of Kimco Realty by 35.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,176 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 566 shares in the last quarter. Enlightenment Research LLC bought a new position in shares of Kimco Realty during the fourth quarter valued at $62,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Kimco Realty during the fourth quarter valued at $107,000. Shulman DeMeo Asset Management LLC bought a new position in shares of Kimco Realty during the fourth quarter valued at $152,000. Finally, First Midwest Bank Trust Division bought a new position in shares of Kimco Realty during the fourth quarter valued at $153,000. Institutional investors and hedge funds own 86.31% of the company’s stock.

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About Kimco Realty (NYSE:KIM)

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 December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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