Boenning Scattergood reissued their hold rating on shares of Kimco Realty (NYSE:KIM) in a report released on Friday. Boenning Scattergood also issued estimates for Kimco Realty’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.44 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.48 EPS.
A number of other equities analysts have also recently weighed in on the company. Bank of America cut Kimco Realty from a buy rating to a neutral rating and set a $17.00 price objective on the stock. in a report on Friday. BMO Capital Markets set a $19.00 price target on Kimco Realty and gave the stock a hold rating in a research note on Thursday. ValuEngine cut Kimco Realty from a buy rating to a hold rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a hold rating and issued a $17.00 price target on shares of Kimco Realty in a research note on Thursday, February 1st. Finally, Barclays decreased their price target on Kimco Realty from $21.00 to $20.00 and set an overweight rating on the stock in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $20.81.
Kimco Realty (KIM) opened at $15.20 on Friday. The firm has a market capitalization of $6,469.83, a PE ratio of 10.07, a P/E/G ratio of 2.25 and a beta of 0.45. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a 1-year low of $13.70 and a 1-year high of $24.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Tuesday, April 3rd will be given a $0.28 dividend. The ex-dividend date is Monday, April 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.37%. Kimco Realty’s dividend payout ratio is currently 128.74%.
Kimco Realty announced that its Board of Directors has authorized a share buyback program on Thursday, February 15th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
In other Kimco Realty news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average cost of $19.20 per share, for a total transaction of $960,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of KIM. Penserra Capital Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $105,000. Orinda Asset Management LLC bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $182,000. Kelman Lazarov Inc. bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $189,000. Eqis Capital Management Inc. bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $201,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.
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.
Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.