Kimco Realty Corp. (NYSE:KIM) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $30.00 price target on the real estate investment trust’s stock. Argus’ target price would suggest a potential upside of 14.29% from the stock’s previous close.

KIM has been the topic of several other reports. Stifel Nicolaus lowered shares of Kimco Realty Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. BTIG Research initiated coverage on shares of Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 price objective on the stock. Deutsche Bank AG boosted their price objective on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Vetr upgraded shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price objective on the stock in a research report on Thursday, September 29th. Finally, Zacks Investment Research lowered shares of Kimco Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.67.

Analyst Recommendations for Kimco Realty Corp. (NYSE:KIM)

Kimco Realty Corp. (NYSE:KIM) opened at 26.25 on Friday. Kimco Realty Corp. has a 52 week low of $24.75 and a 52 week high of $32.24. The firm’s 50-day moving average is $26.64 and its 200 day moving average is $29.02. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 17.61 and a beta of 0.86.

Kimco Realty Corp. (NYSE:KIM) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $285.08 million for the quarter, compared to analyst estimates of $288.31 million. Kimco Realty Corp. had a net margin of 57.87% and a return on equity of 12.62%. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities research analysts expect that Kimco Realty Corp. will post $1.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.11%. This is an increase from Kimco Realty Corp.’s previous quarterly dividend of $0.26. Kimco Realty Corp.’s dividend payout ratio is currently 67.55%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Kimco Realty Corp. by 3,935.2% in the first quarter. Renaissance Technologies LLC now owns 630,696 shares of the real estate investment trust’s stock worth $18,151,000 after buying an additional 615,066 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Kimco Realty Corp. by 27.7% in the first quarter. Envestnet Asset Management Inc. now owns 65,355 shares of the real estate investment trust’s stock worth $1,881,000 after buying an additional 14,167 shares in the last quarter. Babson Capital Management LLC increased its position in Kimco Realty Corp. by 298.2% in the first quarter. Babson Capital Management LLC now owns 73,977 shares of the real estate investment trust’s stock worth $2,129,000 after buying an additional 55,400 shares in the last quarter. Arizona State Retirement System increased its position in Kimco Realty Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 112,186 shares of the real estate investment trust’s stock worth $3,229,000 after buying an additional 1,900 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Kimco Realty Corp. by 237.3% in the first quarter. Squarepoint Ops LLC now owns 61,604 shares of the real estate investment trust’s stock worth $1,773,000 after buying an additional 43,338 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

About Kimco Realty Corp.

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

5 Day Chart for NYSE:KIM

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