Wall Street analysts expect that Kimco Realty Corp (NYSE:KIM) will report earnings per share of $0.36 for the current quarter, Zacks reports. Seven analysts have provided estimates for Kimco Realty’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.37. Kimco Realty posted earnings of $0.37 per share in the same quarter last year, which indicates a negative year over year growth rate of 2.7%. The business is expected to issue its next earnings report before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that Kimco Realty will report full year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.44 to $1.48. For the next year, analysts forecast that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.50 to $1.53. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Kimco Realty.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The company had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $282.49 million. Kimco Realty had a net margin of 39.40% and a return on equity of 8.37%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share.

Several equities research analysts have recently issued reports on KIM shares. Evercore ISI lowered shares of Essex Property Trust from an “outperform” rating to an “in-line” rating in a report on Monday, April 1st. Raymond James restated a “buy” rating on shares of Tamarack-Valley-Energy in a report on Tuesday, May 28th. Bank of America raised their target price on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.36.

KIM stock traded down $0.21 during trading on Friday, hitting $17.99. 45,431 shares of the company’s stock traded hands, compared to its average volume of 2,953,932. Kimco Realty has a 52 week low of $14.29 and a 52 week high of $19.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a fifty day simple moving average of $18.37. The firm has a market capitalization of $7.63 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.59.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were issued a dividend of $0.28 per share. The ex-dividend date was Monday, July 1st. This represents a $1.12 dividend on an annualized basis and a yield of 6.23%. Kimco Realty’s payout ratio is 77.24%.

In related news, Director Frank Lourenso sold 3,380 shares of Kimco Realty stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $18.84, for a total transaction of $63,679.20. Following the completion of the sale, the director now owns 198,106 shares in the company, valued at approximately $3,732,317.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Liberty Wealth Management LLC purchased a new position in Kimco Realty during the 4th quarter valued at about $30,000. CSat Investment Advisory L.P. increased its position in Kimco Realty by 35.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,176 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 566 shares during the period. Legacy Bridge LLC purchased a new position in Kimco Realty during the 1st quarter valued at about $43,000. Quadrant Capital Group LLC increased its position in Kimco Realty by 29.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,889 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 665 shares during the period. Finally, AllSquare Wealth Management LLC increased its position in Kimco Realty by 39.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 3,200 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 900 shares during the period. Institutional investors own 89.90% of the company’s stock.

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 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.

See Also: Return on Investment (ROI)

Get a free copy of the Zacks research report on Kimco Realty (KIM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.