Shares of Kimco Realty Corp (NYSE:KIM) have earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.82.

KIM has been the topic of a number of research reports. Scotiabank initiated coverage on Kimco Realty in a research report on Tuesday, October 16th. They set an “underperform” rating on the stock. ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Friday, October 26th.

NYSE KIM traded up $0.86 during trading hours on Friday, reaching $17.07. 7,597,500 shares of the stock traded hands, compared to its average volume of 4,347,460. Kimco Realty has a 1 year low of $13.16 and a 1 year high of $18.86. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.18 and a beta of 0.35.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.12 dividend on an annualized basis and a yield of 6.56%. Kimco Realty’s payout ratio is 72.26%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning purchased a new position in shares of Kimco Realty in the second quarter worth about $172,000. Virtu Financial LLC purchased a new position in shares of Kimco Realty in the second quarter worth about $173,000. MML Investors Services LLC purchased a new position in shares of Kimco Realty in the third quarter worth about $185,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Kimco Realty in the third quarter worth about $196,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimco Realty in the third quarter worth about $198,000. Hedge funds and other institutional investors own 86.83% 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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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