Kimco Realty Corp (NYSE:KIM) Given Average Recommendation of “Hold” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.48.

A number of brokerages have recently weighed in on KIM. Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective for the company. Bank of America reiterated a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Citigroup restated a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Mizuho lowered their price objective on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Robert W. Baird reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th.

Kimco Realty Price Performance

KIM stock opened at $19.10 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.05 and a current ratio of 1.86. The company’s fifty day moving average price is $18.90 and its 200-day moving average price is $19.45. Kimco Realty has a one year low of $16.34 and a one year high of $22.83. The company has a market capitalization of $12.88 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 4.29 and a beta of 1.46.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio is presently 181.14%.

Insider Activity at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kimco Realty

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Kimco Realty during the 4th quarter valued at about $150,326,000. JPMorgan Chase & Co. boosted its stake in shares of Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock valued at $547,401,000 after purchasing an additional 5,894,446 shares in the last quarter. Invesco Ltd. increased its holdings in Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after buying an additional 4,393,084 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Kimco Realty in the fourth quarter worth approximately $84,678,000. Finally, Cohen & Steers Inc. lifted its holdings in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after buying an additional 3,022,995 shares during the period. Hedge funds and other 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.