Kimco Realty Corporation (NYSE:KIM) Given Average Rating of “Moderate Buy” by Analysts

Kimco Realty Corporation (NYSE:KIM) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.9231.

A number of analysts have weighed in on KIM shares. Piper Sandler decreased their target price on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Barclays boosted their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Kimco Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price objective on the stock.

Kimco Realty Stock Performance

NYSE KIM opened at $20.36 on Thursday. The firm’s fifty day moving average price is $21.87 and its two-hundred day moving average price is $21.40. The stock has a market cap of $13.78 billion, a PE ratio of 24.52, a PEG ratio of 1.56 and a beta of 1.30. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $535.86 million for the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, equities analysts expect that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.26 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s payout ratio is presently 125.30%.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director owned 40,260 shares of the company’s stock, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Kimco Realty

A number of institutional investors have recently bought and sold shares of KIM. Golden State Wealth Management LLC boosted its position in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 911 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 4,051 shares during the last quarter. KBC Group NV boosted its position in Kimco Realty by 2.2% during the first quarter. KBC Group NV now owns 629,706 shares of the real estate investment trust’s stock valued at $13,374,000 after acquiring an additional 13,538 shares during the last quarter. Amalgamated Bank boosted its position in Kimco Realty by 2.3% during the first quarter. Amalgamated Bank now owns 132,018 shares of the real estate investment trust’s stock valued at $2,804,000 after acquiring an additional 2,945 shares during the last quarter. Finally, WASHINGTON TRUST Co bought a new stake in Kimco Realty during the first quarter valued at $34,000. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.