Headlines about Kimco Realty Corporation (NYSE:KIM) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kimco Realty Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.4833409588152 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- $KIM Kimco Realty Corporation Press Release: Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustai From our Stock News Alerts App (4-traders.com)
- Breakfast Technical Briefing on REIT Stocks — DDR Corp., GGP Inc., Kimco Realty, and Weingarten Realty Investors – Markets Insider (markets.businessinsider.com)
- Kimco Realty Corporation to Present at Bank of America Merrill … – Business Wire (press release) (businesswire.com)
- Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North America Index; Earns GRESB … – Business Wire (press release) (businesswire.com)
- Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North America Index; Earns GRESB Green Star Designation (finance.yahoo.com)
Shares of Kimco Realty Corporation (NYSE:KIM) opened at 20.01 on Wednesday. The company has a 50-day moving average price of $19.95 and a 200-day moving average price of $20.18. The company has a market cap of $8.52 billion, a P/E ratio of 40.75 and a beta of 0.67. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $30.24.
Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The firm had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, analysts predict that Kimco Realty Corporation will post $0.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.40%. The ex-dividend date is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is currently 220.41%.
A number of equities research analysts have recently weighed in on the company. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, August 18th. BidaskClub downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and set a $25.00 target price on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Zacks Investment Research upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC restated an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.03.
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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