Kimco Realty Corp (NYSE:KIM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kimco Realty Corp (NYSE:KIM) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.55.

Several research analysts recently commented on the company. Scotiabank lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Raymond James raised Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Compass Point lifted their price target on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Truist Financial boosted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th.

Insider Buying and Selling

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the sale, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at $7,389,473.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors have recently bought and sold shares of KIM. Principal Securities Inc. purchased a new position in Kimco Realty in the 4th quarter worth approximately $29,000. Blue Trust Inc. lifted its stake in Kimco Realty by 613.5% during the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Kimco Realty during the 1st quarter worth $70,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

KIM opened at $23.09 on Wednesday. Kimco Realty has a 1-year low of $16.34 and a 1-year high of $24.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $15.57 billion, a P/E ratio of 43.57, a PEG ratio of 4.03 and a beta of 1.51. The company has a 50 day simple moving average of $22.64 and a two-hundred day simple moving average of $20.31.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. Equities analysts forecast that Kimco Realty will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.16%. The ex-dividend date was Thursday, September 5th. Kimco Realty’s dividend payout ratio is currently 181.13%.

About Kimco Realty

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.