Analysts predict that Kimco Realty Corp (NYSE:KIM) will announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Seven analysts have made estimates for Kimco Realty’s earnings, with estimates ranging from $0.33 to $0.36. Kimco Realty posted earnings per share of $0.38 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Kimco Realty will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.44 to $1.47. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.46 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Kimco Realty.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.17). Kimco Realty had a return on equity of 8.74% and a net margin of 40.14%. The firm had revenue of $283.08 million for the quarter, compared to analyst estimates of $281.73 million.

Several equities research analysts have recently weighed in on KIM shares. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th. Wells Fargo & Co increased their price objective on shares of Kimco Realty from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective on shares of Kimco Realty in a research report on Friday, July 27th. Sandler O’Neill reiterated a “hold” rating and set a $18.00 price objective on shares of Kimco Realty in a research report on Friday, July 27th. Finally, Scotiabank started coverage on shares of Kimco Realty in a research report on Tuesday, October 16th. They set an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.15.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Kimco Realty by 0.4% during the third quarter. BlackRock Inc. now owns 40,287,201 shares of the real estate investment trust’s stock worth $674,407,000 after acquiring an additional 150,935 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Kimco Realty by 15.5% during the third 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 acquiring an additional 2,161,479 shares in the last quarter. FMR LLC boosted its stake in Kimco Realty by 3.5% during the third quarter. FMR LLC now owns 8,950,815 shares of the real estate investment trust’s stock worth $149,837,000 after acquiring an additional 298,580 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kimco Realty by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,733,733 shares of the real estate investment trust’s stock worth $114,407,000 after acquiring an additional 110,939 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Kimco Realty by 7.3% during the second 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 acquiring an additional 348,478 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of KIM traded down $0.01 during trading hours on Friday, hitting $16.28. 1,794,976 shares of the stock were exchanged, compared to its average volume of 4,408,974. Kimco Realty has a fifty-two week low of $13.16 and a fifty-two week high of $19.53. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.90. The stock has a market cap of $6.83 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.33.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.88%. The ex-dividend date is Monday, December 31st. Kimco Realty’s dividend payout ratio is presently 72.26%.

About Kimco Realty

Kimco Realty Corp. (NYSE: KIM) 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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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