Kimco Realty (KIM) Updates FY18 Earnings Guidance

Kimco Realty (NYSE:KIM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.52.

A number of analysts have commented on the company. Robert W. Baird reiterated a buy rating and set a $23.00 target price on shares of Kimco Realty in a research report on Friday, November 10th. Mizuho set a $20.00 price objective on Kimco Realty and gave the company a hold rating in a research report on Monday, December 18th. Stifel Nicolaus began coverage on Kimco Realty in a research report on Thursday, November 30th. They issued a hold rating and a $19.50 price objective on the stock. BMO Capital Markets set a $21.00 price objective on Kimco Realty and gave the company a hold rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. downgraded Kimco Realty from an overweight rating to a neutral rating and set a $20.00 price objective on the stock. in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Kimco Realty presently has an average rating of Hold and a consensus price target of $21.34.

Kimco Realty (NYSE KIM) traded up $0.59 during midday trading on Thursday, reaching $14.85. The company had a trading volume of 2,301,652 shares, compared to its average volume of 6,049,071. Kimco Realty has a 1 year low of $13.70 and a 1 year high of $24.75. The stock has a market capitalization of $6,103.87, a P/E ratio of 16.58, a PEG ratio of 2.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The firm had revenue of $310.63 million for the quarter, compared to the consensus estimate of $297.92 million. During the same period in the prior year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. sell-side analysts predict that Kimco Realty will post 1.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 7.54%. Kimco Realty’s dividend payout ratio (DPR) is presently 130.23%.

In other news, insider Milton Cooper purchased 50,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

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About Kimco Realty

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.

Earnings History and Estimates for Kimco Realty (NYSE:KIM)

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