Kimco Realty Corp (NYSE:KIM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kimco Realty Corp (NYSE:KIMGet Free Report) have been assigned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.89.

KIM has been the topic of a number of research reports. Mizuho lowered their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. TheStreet upgraded Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, December 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. Citigroup restated a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Piper Sandler upped their price target on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th.

Read Our Latest Stock Analysis on Kimco Realty

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kimco Realty

Hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Kimco Realty in the 3rd quarter valued at $27,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Kimco Realty in the 4th quarter valued at $27,000. Headlands Technologies LLC purchased a new position in shares of Kimco Realty in the 4th quarter valued at $27,000. Principal Securities Inc. purchased a new position in shares of Kimco Realty in the 4th quarter valued at $29,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Kimco Realty in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $18.89 on Wednesday. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.45. The stock has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $19.30. Kimco Realty has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.08%. Kimco Realty’s dividend payout ratio (DPR) is currently 94.12%.

Kimco Realty Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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