Kimco Realty Corp (NYSE:KIM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have received an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.57.

Several research analysts have recently commented on KIM shares. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank boosted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Wells Fargo & Company decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group increased their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yoffe Investment Management LLC acquired a new stake in Kimco Realty during the 4th quarter worth about $254,000. Toronto Dominion Bank lifted its holdings in shares of Kimco Realty by 7.9% during the fourth quarter. Toronto Dominion Bank now owns 360,454 shares of the real estate investment trust’s stock worth $8,445,000 after purchasing an additional 26,363 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Kimco Realty during the fourth quarter worth about $287,000. Woodline Partners LP purchased a new stake in Kimco Realty in the fourth quarter valued at approximately $9,057,000. Finally, Squarepoint Ops LLC increased its holdings in Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust’s stock worth $8,994,000 after buying an additional 111,496 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.8 %

Shares of Kimco Realty stock opened at $21.67 on Friday. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.78 and a beta of 1.50. The firm’s 50-day moving average is $22.51 and its two-hundred day moving average is $23.39.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, research analysts expect that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.