Kimco Realty Corporation (NYSE:KIM) Receives $24.27 Consensus Target Price from Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.2727.

Several research firms have weighed in on KIM. Mizuho increased their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Scotiabank cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Wells Fargo & Company started coverage on shares of Kimco Realty in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Friday.

Kimco Realty Price Performance

KIM opened at $20.66 on Monday. The company has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $21.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. Kimco Realty has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a market capitalization of $13.99 billion, a PE ratio of 24.89, a P/E/G ratio of 1.56 and a beta of 1.28.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.26 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. Kimco Realty’s dividend payout ratio (DPR) is presently 125.30%.

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the sale, the director owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Kimco Realty in the third quarter valued at approximately $27,000. Trust Co. of Toledo NA OH acquired a new position in shares of Kimco Realty in the second quarter valued at approximately $27,000. City Holding Co. bought a new stake in shares of Kimco Realty during the third quarter worth $30,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty during the first quarter worth $29,000. Finally, Keystone Global Partners LLC bought a new stake in Kimco Realty in the 1st quarter valued at $30,000. 89.25% of the stock is owned by institutional investors and hedge funds.

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.