Kimco Realty (KIM) Given News Impact Score of 0.13
News stories about Kimco Realty (NYSE:KIM) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimco Realty earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.6923838765355 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Kimco eyes mixed-use as one way to reveal value (smartbrief.com)
- Kimco Realty Corp (KIM) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Kimco Realty (KIM) Lowered to Neutral at J P Morgan Chase & Co (americanbankingnews.com)
- Grocery-Anchored Shopping Centers Begin to Experience Retail Headwinds (nreionline.com)
- Adaptability, Brand Recognition Key to Future of Retail (cpexecutive.com)
A number of research firms have recently weighed in on KIM. BMO Capital Markets began coverage on shares of Kimco Realty in a research report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price objective for the company. Argus lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. J P Morgan Chase & Co raised shares of Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 26th. BidaskClub lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research report on Friday, August 18th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Kimco Realty currently has an average rating of “Hold” and an average target price of $22.65.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 annualized dividend and a yield of 6.06%. Kimco Realty’s dividend payout ratio is 125.58%.
In related news, insider Milton Cooper purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
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Kimco Realty Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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