Kimco Realty (NYSE:KIM) – Capital One Financial decreased their Q3 2018 earnings per share (EPS) estimates for shares of Kimco Realty in a report released on Wednesday, April 11th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.37. Capital One Financial also issued estimates for Kimco Realty’s Q1 2019 earnings at $0.36 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 $1.47 EPS.
Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The firm had revenue of $310.63 million for the quarter, compared to analysts’ expectations of $297.92 million. Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS.
Kimco Realty stock opened at $13.99 on Friday. The firm has a market cap of $6,096.78, a P/E ratio of 9.03, a PEG ratio of 2.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.09 and a quick ratio of 0.09. Kimco Realty has a one year low of $13.69 and a one year high of $23.03.
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 paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend is Monday, April 2nd. Kimco Realty’s dividend payout ratio (DPR) is 72.26%.
Kimco Realty declared that its board has authorized a share repurchase program on Thursday, February 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Frank Lourenso sold 3,380 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $15.29, for a total value of $51,680.20. Following the completion of the transaction, the director now owns 182,481 shares of the company’s stock, valued at $2,790,134.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. boosted its stake in shares of Kimco Realty by 9.1% in the fourth quarter. Cascade Investment Advisors Inc. now owns 38,075 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 3,175 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Kimco Realty by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 652,182 shares of the real estate investment trust’s stock worth $12,750,000 after acquiring an additional 3,299 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Kimco Realty by 1.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 371,941 shares of the real estate investment trust’s stock worth $7,271,000 after acquiring an additional 4,544 shares during the period. Amalgamated Bank boosted its stake in shares of Kimco Realty by 9.7% in the fourth quarter. Amalgamated Bank now owns 52,153 shares of the real estate investment trust’s stock worth $947,000 after acquiring an additional 4,623 shares during the period. Finally, Grace & White Inc. NY boosted its stake in shares of Kimco Realty by 11.0% in the fourth quarter. Grace & White Inc. NY now owns 85,702 shares of the real estate investment trust’s stock worth $1,555,000 after acquiring an additional 8,500 shares during the period. 90.58% of the stock is owned by hedge funds and other institutional investors.
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Kimco Realty Company Profile
Kimco Realty Corp. (NYSE: KIM) 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, 2017, the company owned interests in 492 U.S. shopping centers comprising 83 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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