Somewhat Positive News Coverage Somewhat Unlikely to Impact Kimco Realty Corporation (KIM) Stock Price
Media headlines about Kimco Realty Corporation (NYSE:KIM) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kimco Realty Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5432465522421 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Developer of $800M Dania Pointe complex seeks OK for 350 hotel rooms (sun-sentinel.com)
- Canyon Country Shopping Center Sells for $22.5 Million (labusinessjournal.com)
- Kimco Realty Corporation (KIM) has a value of $19.11 per share While Comerica Incorporated (CMA) is stand at $76.92 – Stocks Gallery (stocksgallery.com)
- Mid-America Real Estate sells 155,000-square-foot shopping center in Missouri (rejournals.com)
- Bloomington Commons purchased by Chicago real estate firm (pantagraph.com)
Several equities research analysts have commented on KIM shares. BMO Capital Markets started coverage on Kimco Realty Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $21.00 price objective for the company. Citigroup Inc. boosted their price objective on Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. BidaskClub upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Mizuho reiterated a “hold” rating and set a $19.00 price objective on shares of Kimco Realty Corporation in a research note on Monday. Finally, J P Morgan Chase & Co upgraded Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research note on Tuesday, September 26th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.43.
Kimco Realty Corporation (NYSE:KIM) opened at 19.42 on Thursday. The firm has a market capitalization of $8.27 billion, a PE ratio of 39.55 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $28.52. The stock’s 50 day moving average price is $19.68 and its 200 day moving average price is $19.68.
Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The business had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. During the same period last year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Kimco Realty Corporation will post $0.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.56%. Kimco Realty Corporation’s dividend payout ratio (DPR) is 220.41%.
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About Kimco Realty Corporation
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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