Equities research analysts expect Kimco Realty Corp (NYSE:KIM) to post earnings per share of $0.35 for the current quarter, according to Zacks. Seven analysts have made estimates for Kimco Realty’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.36. Kimco Realty reported earnings per share of $0.38 in the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, January 31st.

On average, analysts expect that Kimco Realty will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.38 to $1.51. Zacks’ EPS averages are an average based on a survey of research analysts that cover Kimco Realty.

A number of research firms have recently commented on KIM. Scotiabank began coverage on Kimco Realty in a research report on Tuesday, October 16th. They set an “underperform” rating on the stock. ValuEngine raised Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Kimco Realty has an average rating of “Hold” and a consensus target price of $18.00.

A number of institutional investors have recently made changes to their positions in the stock. Carnegie Capital Asset Management LLC boosted its stake in shares of Kimco Realty by 100.0% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 20,360 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 10,180 shares during the period. Legal & General Group Plc boosted its stake in shares of Kimco Realty by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 3,216,111 shares of the real estate investment trust’s stock worth $53,837,000 after acquiring an additional 27,860 shares during the period. Nordea Investment Management AB bought a new position in shares of Kimco Realty during the 3rd quarter worth approximately $277,000. Kentucky Retirement Systems bought a new position in shares of Kimco Realty during the 3rd quarter worth approximately $668,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Kimco Realty by 59.3% during the 3rd quarter. Mackenzie Financial Corp now owns 33,583 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 12,503 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KIM traded up $0.05 during mid-day trading on Monday, reaching $15.98. 4,181,717 shares of the company’s stock were exchanged, compared to its average volume of 2,919,719. The firm has a market cap of $6.60 billion, a P/E ratio of 10.31, a P/E/G ratio of 3.07 and a beta of 0.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.09 and a quick ratio of 0.09. Kimco Realty has a twelve month low of $13.16 and a twelve month high of $19.38.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Monday, December 31st. Kimco Realty’s dividend payout ratio is presently 72.26%.

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 June 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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Earnings History and Estimates for Kimco Realty (NYSE:KIM)

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