Kimco Realty Corp (NYSE:KIM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kimco Realty Corp (NYSE:KIMGet Rating) have received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, reports. Seven investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.90.

Several analysts recently commented on KIM shares. Morgan Stanley lowered Kimco Realty from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $26.00 to $26.50 in a report on Wednesday, March 30th. Credit Suisse Group started coverage on Kimco Realty in a report on Wednesday. They set an “outperform” rating on the stock. Compass Point dropped their target price on Kimco Realty from $27.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th.

In related news, CFO Glenn Gary Cohen sold 10,000 shares of Kimco Realty stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $25.07, for a total transaction of $250,700.00. Following the transaction, the chief financial officer now owns 486,240 shares in the company, valued at $12,190,036.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

A number of large investors have recently bought and sold shares of KIM. Dark Forest Capital Management LP acquired a new stake in shares of Kimco Realty in the third quarter valued at $30,000. US Asset Management LLC acquired a new stake in shares of Kimco Realty in the first quarter valued at $40,000. CVA Family Office LLC grew its stake in shares of Kimco Realty by 230.6% in the first quarter. CVA Family Office LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,280 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Kimco Realty by 1,213.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,812 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,674 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in Kimco Realty during the 4th quarter worth $48,000. Institutional investors own 92.69% of the company’s stock.

Kimco Realty stock opened at $19.02 on Thursday. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37. Kimco Realty has a 52 week low of $18.52 and a 52 week high of $26.57. The business’s 50-day moving average price is $23.16 and its 200 day moving average price is $23.71. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Thursday, June 9th will be given a dividend of $0.20 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 4.21%. Kimco Realty’s dividend payout ratio (DPR) is presently 48.19%.

Kimco Realty Company Profile (Get Rating)

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.

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