Kimco Realty Corporation (NYSE:KIM) has been given a consensus rating of “Hold” by the eighteen analysts that are presently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.15.
A number of analysts have recently issued reports on KIM shares. Zacks Investment Research downgraded Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upgraded Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price target for the company in a research report on Tuesday, June 20th. Barclays PLC reiterated an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. ValuEngine downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.
Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Kimco Realty Corporation by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 790 shares during the period. Carnegie Capital Asset Management LLC purchased a new position in shares of Kimco Realty Corporation during the second quarter valued at approximately $204,000. Creative Planning increased its stake in shares of Kimco Realty Corporation by 31.8% during the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,715 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Kimco Realty Corporation by 5.6% during the second quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 564 shares during the period. Finally, Private Asset Management Inc. increased its stake in shares of Kimco Realty Corporation by 1.8% during the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 200 shares during the period. 88.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kimco Realty Corporation (NYSE KIM) traded down 1.99% during midday trading on Thursday, hitting $20.17. 3,832,347 shares of the stock were exchanged. The stock’s 50-day moving average price is $19.91 and its 200-day moving average price is $20.27. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $30.24. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 41.08 and a beta of 0.67.
Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.07. The business had revenue of $292.84 million for the quarter, compared to the consensus estimate of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, analysts forecast that Kimco Realty Corporation will post $0.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 5.35%. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 220.41%.
COPYRIGHT VIOLATION NOTICE: “Analysts Set Kimco Realty Corporation (KIM) Target Price at $26.15” was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/09/10/analysts-set-kimco-realty-corporation-kim-target-price-at-26-15.html.
Kimco Realty Corporation 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.
Receive News & Ratings for Kimco Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.