Analysts Set Kimco Realty Corp (NYSE:KIM) Target Price at $24.83

Shares of Kimco Realty Corp (NYSE:KIM) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.57.

Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Scotiabank boosted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Evercore ISI dropped their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th.

Institutional Trading of Kimco Realty

Large investors have recently made changes to their positions in the stock. Yoffe Investment Management LLC bought a new stake in Kimco Realty during the 4th quarter valued at about $254,000. Toronto Dominion Bank increased its position in shares of Kimco Realty by 7.9% during the fourth quarter. Toronto Dominion Bank now owns 360,454 shares of the real estate investment trust’s stock worth $8,445,000 after acquiring an additional 26,363 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $287,000. Woodline Partners LP purchased a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $9,057,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Kimco Realty by 40.9% in the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust’s stock valued at $8,994,000 after purchasing an additional 111,496 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.8 %

KIM opened at $21.67 on Friday. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The firm has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $23.39. The company has a market capitalization of $14.73 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Analysts forecast that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. Kimco Realty’s payout ratio is 178.57%.

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.