Kimco Realty (NYSE:KIM) Given New $24.00 Price Target at Scotiabank

Kimco Realty (NYSE:KIM) had its price objective lowered by Scotiabank from $26.00 to $24.00 in a research report report published on Friday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI lowered their price objective on shares of 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. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. UBS Group raised their price objective 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. Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Trading Up 2.2 %

Shares of Kimco Realty stock opened at $22.09 on Friday. The stock has a market capitalization of $15.01 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. 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 company has a 50-day simple moving average of $22.42 and a 200 day simple moving average of $23.37. Kimco Realty has a 12-month low of $17.57 and a 12-month high of $25.83.

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

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in Kimco Realty during the 3rd quarter worth approximately $25,000. Summit Securities Group LLC bought a new position in Kimco Realty during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the 3rd quarter worth approximately $31,000. Brown Brothers Harriman & Co. boosted its stake in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 575 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Kimco Realty during the 3rd quarter worth approximately $37,000. Institutional investors own 89.25% of the company’s stock.

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.