Kimco Realty Corp. (NYSE:KIM) was downgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a research report issued on Tuesday.

KIM has been the subject of several other research reports. Vetr raised shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price target for the company in a report on Monday, September 12th. Deutsche Bank AG lifted their target price on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 17th. Argus raised shares of Kimco Realty Corp. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $34.00 target price (up previously from $31.00) on shares of Kimco Realty Corp. in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.67.

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

Shares of Kimco Realty Corp. (NYSE:KIM) opened at 26.25 on Tuesday. The stock has a market cap of $11.16 billion, a P/E ratio of 17.61 and a beta of 0.86. Kimco Realty Corp. has a 52 week low of $24.75 and a 52 week high of $32.24. The stock has a 50 day moving average of $26.64 and a 200 day moving average of $29.02.

Kimco Realty Corp. (NYSE:KIM) last issued its quarterly 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 earned $285.08 million during 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 quarter in the previous year, the firm earned $0.40 EPS. On average, analysts expect that Kimco Realty Corp. will post $1.32 earnings per share for the current year.

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

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Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Kimco Realty Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 69,130,261 shares of the real estate investment trust’s stock valued at $2,169,308,000 after buying an additional 1,879,171 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kimco Realty Corp. by 9.1% in the second quarter. JPMorgan Chase & Co. now owns 32,191,757 shares of the real estate investment trust’s stock valued at $1,010,179,000 after buying an additional 2,691,051 shares in the last quarter. State Street Corp increased its stake in shares of Kimco Realty Corp. by 1.7% in the second quarter. State Street Corp now owns 24,541,598 shares of the real estate investment trust’s stock valued at $770,112,000 after buying an additional 420,947 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Kimco Realty Corp. by 4.6% in the third quarter. BlackRock Fund Advisors now owns 12,796,645 shares of the real estate investment trust’s stock valued at $370,463,000 after buying an additional 559,718 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Kimco Realty Corp. by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 11,056,566 shares of the real estate investment trust’s stock valued at $320,087,000 after buying an additional 106,057 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Corp. Company Profile

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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