Kimco Realty Corporation (NYSE:KIM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.9231.

KIM has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday. Evercore ISI upped their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. Piper Sandler cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the transaction, the director owned 40,260 shares of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KIM. First Citizens Bank & Trust Co. increased its stake in shares of Kimco Realty by 2.7% in the first quarter. First Citizens Bank & Trust Co. now owns 102,997 shares of the real estate investment trust’s stock valued at $2,188,000 after buying an additional 2,686 shares during the period. Vert Asset Management LLC boosted its holdings in Kimco Realty by 6.0% in the first quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust’s stock valued at $6,707,000 after acquiring an additional 17,966 shares during the last quarter. Ibex Wealth Advisors boosted its holdings in Kimco Realty by 10.4% in the first quarter. Ibex Wealth Advisors now owns 13,113 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 1,236 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Kimco Realty by 3,689.2% in the first quarter. SG Americas Securities LLC now owns 709,410 shares of the real estate investment trust’s stock valued at $15,068,000 after acquiring an additional 690,688 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Kimco Realty by 20.0% in the first quarter. Handelsbanken Fonder AB now owns 193,542 shares of the real estate investment trust’s stock valued at $4,111,000 after acquiring an additional 32,300 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.21 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market capitalization of $14.36 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company’s 50 day moving average price is $21.78 and its two-hundred day moving average price is $21.22. Kimco Realty has a 52 week low of $17.93 and a 52 week high of $25.83.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The firm had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, analysts expect that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.7%. Kimco Realty’s payout ratio is presently 120.48%.

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.