Kimco Realty Corp (KIM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.10.

Several equities research analysts have commented on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty in a research note on Friday, April 27th. Morgan Stanley downgraded shares of Kimco Realty from an “overweight” rating to an “equal” rating in a research report on Tuesday, March 27th. BMO Capital Markets reissued a “hold” rating and set a $19.00 target price on shares of Kimco Realty in a research report on Thursday, April 26th. ValuEngine raised shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Finally, JPMorgan Chase & Co. raised shares of Kimco Realty from a “neutral” rating to an “overweight” rating in a research report on Friday, June 15th.

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NYSE:KIM traded down $0.29 on Wednesday, hitting $16.43. The stock had a trading volume of 3,176,300 shares, compared to its average volume of 4,931,382. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 3.47 and a beta of 0.50. Kimco Realty has a 1 year low of $13.16 and a 1 year high of $21.24.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $304.08 million during the quarter, compared to analysts’ expectations of $298.97 million. Kimco Realty had a net margin of 40.74% and a return on equity of 9.03%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. sell-side analysts forecast that Kimco Realty will post 1.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Monday, July 2nd. Kimco Realty’s dividend payout ratio is currently 72.26%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thompson Investment Management Inc. boosted its holdings in Kimco Realty by 9.4% in the 2nd quarter. Thompson Investment Management Inc. now owns 219,920 shares of the real estate investment trust’s stock worth $3,736,000 after buying an additional 18,850 shares during the period. IFM Investors Pty Ltd boosted its holdings in Kimco Realty by 51.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 28,507 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 9,640 shares during the period. Principal Financial Group Inc. boosted its holdings in Kimco Realty by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 670,493 shares of the real estate investment trust’s stock worth $9,655,000 after buying an additional 27,134 shares during the period. WINTON GROUP Ltd boosted its holdings in Kimco Realty by 47.1% in the 1st quarter. WINTON GROUP Ltd now owns 22,468 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 7,196 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Kimco Realty by 5.9% in the 1st quarter. Royal Bank of Canada now owns 214,163 shares of the real estate investment trust’s stock worth $3,084,000 after buying an additional 12,018 shares during the period. 87.27% of the stock is owned by institutional investors.

About Kimco Realty

Kimco Realty Corp. (NYSE: KIM) 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, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets.