Brokerages Set Kimco Realty Corporation (NYSE:KIM) Price Target at $24.70

Kimco Realty Corporation (NYSE:KIM) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.70.

A number of brokerages recently weighed in on KIM. Weiss Ratings raised shares of Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 5th. Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. Evercore set a $24.00 price target on Kimco Realty in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Morgan Stanley set a $23.50 price objective on Kimco Realty in a report on Monday, January 5th.

Kimco Realty Stock Up 0.8%

Kimco Realty stock opened at $22.50 on Friday. The company has a 50 day moving average of $22.41 and a 200-day moving average of $21.41. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $23.91. The stock has a market capitalization of $15.16 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.04.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is currently 128.40%.

Institutional Trading of Kimco Realty

Institutional investors have recently made changes to their positions in the business. Quent Capital LLC bought a new position in Kimco Realty in the third quarter valued at $27,000. Zions Bancorporation National Association UT lifted its position in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares in the last quarter. City Holding Co. acquired a new position in shares of Kimco Realty during the 3rd quarter worth about $30,000. Brown Lisle Cummings Inc. boosted its stake in shares of Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the 2nd quarter valued at about $37,000. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.