Kimco Realty (NYSE:KIM) Research Coverage Started at Barclays

by · The Cerbat Gem

Barclays started coverage on shares of Kimco Realty (NYSE:KIM – Free Report) in a research note released on Wednesday, MarketBeat reports. The firm issued an overweight rating and a $25.00 price target on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on KIM. Citigroup reduced their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Piper Sandler reduced their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Raymond James Financial reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Monday, May 5th. Finally, Scotiabank reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Hold” and an average price target of $24.70.

Read Our Latest Report on Kimco Realty

Kimco Realty Stock Up 0.8%

Shares of Kimco Realty stock opened at $21.62 on Wednesday. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a 50 day moving average of $20.97 and a 200 day moving average of $21.44. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $14.63 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.50 and a beta of 1.24.

Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 965.3% on a year-over-year basis. As a group, research analysts forecast that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.63%. Kimco Realty’s dividend payout ratio (DPR) is 129.87%.

Institutional Trading of Kimco Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in Kimco Realty in the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. increased its stake in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares during the period. AlphaQuest LLC acquired a new position in Kimco Realty in the 1st quarter valued at $29,000. Keystone Global Partners LLC acquired a new position in Kimco Realty in the 1st quarter valued at $30,000. Finally, Golden State Wealth Management LLC increased its stake in Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 911 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.

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