Kimco Realty Corp (NYSE:KIM) Receives Consensus Rating of “Hold” from Analysts

Kimco Realty Corp (NYSE:KIMGet Free Report) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $21.52.

KIM has been the topic of several recent research reports. Truist Financial dropped their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Bank of America reissued a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho dropped their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Robert W. Baird dropped their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Finally, Citigroup reissued a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd.

Read Our Latest Research Report on KIM

Kimco Realty Stock Performance

KIM stock opened at $18.98 on Monday. The business’s 50-day moving average price is $18.74 and its two-hundred day moving average price is $19.60. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. The firm has a market cap of $12.79 billion, a PE ratio of 35.81, a P/E/G ratio of 3.65 and a beta of 1.50. Kimco Realty has a 1-year low of $16.34 and a 1-year high of $22.83.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Thursday, June 6th. Kimco Realty’s dividend payout ratio is currently 181.14%.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Kimco Realty by 4.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 395,627 shares of the real estate investment trust’s stock worth $7,650,000 after buying an additional 16,876 shares during the last quarter. Boston Partners acquired a new position in Kimco Realty during the first quarter worth approximately $10,668,000. Teachers Retirement System of The State of Kentucky increased its position in Kimco Realty by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 55,398 shares of the real estate investment trust’s stock worth $1,086,000 after buying an additional 2,133 shares during the last quarter. Finally, Invst LLC acquired a new position in Kimco Realty during the first quarter worth approximately $682,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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