Kimco Realty (KIM) Receives Average Recommendation of “Hold” from Analysts

Kimco Realty (NYSE:KIM) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.52.

A number of brokerages have issued reports on KIM. ValuEngine downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America downgraded Kimco Realty from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Friday, February 16th. BMO Capital Markets set a $19.00 price objective on Kimco Realty and gave the company a “hold” rating in a research note on Thursday, February 15th. Barclays reduced their price objective on Kimco Realty from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Finally, SunTrust Banks set a $18.00 price objective on Kimco Realty and gave the company a “hold” rating in a research note on Monday, January 22nd.

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In other news, Director Frank Lourenso sold 3,380 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $15.29, for a total transaction of $51,680.20. Following the completion of the transaction, the director now owns 182,481 shares in the company, valued at approximately $2,790,134.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Janus Henderson Group PLC boosted its stake in Kimco Realty by 63.6% in the 3rd quarter. Janus Henderson Group PLC now owns 131,325 shares of the real estate investment trust’s stock worth $2,567,000 after purchasing an additional 51,043 shares during the period. Janney Montgomery Scott LLC bought a new position in Kimco Realty in the 3rd quarter worth about $243,000. Atlantic Trust Group LLC boosted its stake in Kimco Realty by 14.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 89,993 shares of the real estate investment trust’s stock worth $1,760,000 after purchasing an additional 11,643 shares during the period. Bank of Montreal Can boosted its stake in Kimco Realty by 101.9% in the 4th quarter. Bank of Montreal Can now owns 366,493 shares of the real estate investment trust’s stock worth $6,651,000 after purchasing an additional 184,988 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Kimco Realty by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 4,580,965 shares of the real estate investment trust’s stock worth $83,145,000 after purchasing an additional 254,820 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

Shares of NYSE:KIM opened at $13.60 on Friday. The firm has a market capitalization of $5,964.89, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. Kimco Realty has a 1 year low of $13.52 and a 1 year high of $22.71.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The business had revenue of $310.63 million during the quarter, compared to the consensus estimate of $297.92 million. Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. equities analysts forecast that Kimco Realty will post 1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Tuesday, April 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, April 2nd. This represents a $1.12 annualized dividend and a dividend yield of 8.24%. Kimco Realty’s payout ratio is 72.26%.

Kimco Realty declared that its board has authorized a stock repurchase program on Thursday, February 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Kimco Realty Company Profile

Kimco Realty Corp. (NYSE: KIM) 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, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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