Kimco Realty (KIM) Sets New 1-Year Low at $16.38

Kimco Realty Corp (NYSE:KIM)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.38 and last traded at $16.47, with a volume of 3087800 shares changing hands. The stock had previously closed at $16.60.

KIM has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Friday, December 15th. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty and gave the company a “hold” rating in a research report on Wednesday, October 25th. Mizuho set a $20.00 target price on shares of Kimco Realty and gave the company a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus initiated coverage on shares of Kimco Realty in a research report on Thursday, November 30th. They issued a “hold” rating and a $19.50 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kimco Realty in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.22.

The company has a market capitalization of $7,010.51, a PE ratio of 19.08, a P/E/G ratio of 2.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.

Kimco Realty (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. Kimco Realty’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. equities analysts predict that Kimco Realty Corp will post 1.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend was Friday, December 29th. Kimco Realty’s dividend payout ratio (DPR) is presently 130.23%.

In other news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $19.20 per share, for a total transaction of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. People s United Financial Inc. increased its position in Kimco Realty by 0.4% during the second quarter. People s United Financial Inc. now owns 43,835 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 181 shares during the last quarter. Sentry Investment Management LLC increased its position in Kimco Realty by 1.1% during the second quarter. Sentry Investment Management LLC now owns 32,994 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 345 shares during the last quarter. First Allied Advisory Services Inc. increased its position in Kimco Realty by 5.6% during the second quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 564 shares during the last quarter. Phocas Financial Corp. increased its position in Kimco Realty by 4.3% during the second quarter. Phocas Financial Corp. now owns 13,999 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 575 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Kimco Realty by 7.6% during the second quarter. Westwood Holdings Group Inc. now owns 19,417 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 1,379 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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Kimco Realty Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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