Kimco Realty (KIM) Releases FY 2018 Earnings Guidance

Kimco Realty (NYSE:KIM) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.44-1.46 for the period.

NYSE:KIM opened at $15.56 on Friday. Kimco Realty has a one year low of $13.16 and a one year high of $19.53. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 3.44 and a beta of 0.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.09 and a current ratio of 0.09.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.17). Kimco Realty had a net margin of 40.14% and a return on equity of 8.74%. The company had revenue of $283.08 million during the quarter, compared to analyst estimates of $281.73 million. On average, analysts predict that Kimco Realty will post 1.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 7.20%. Kimco Realty’s dividend payout ratio is currently 72.26%.

Several equities analysts have commented on KIM shares. ValuEngine downgraded shares of Kimco Realty from a sell rating to a strong sell rating in a report on Monday, July 2nd. Sandler O’Neill reiterated a hold rating and issued a $18.00 price objective on shares of Kimco Realty in a report on Friday, July 27th. Stifel Nicolaus restated a hold rating and issued a $17.00 price target on shares of Kimco Realty in a research note on Friday, July 27th. Scotiabank began coverage on shares of Kimco Realty in a research note on Tuesday, October 16th. They issued an underperform rating on the stock. Finally, Wells Fargo & Co upped their price target on shares of Kimco Realty from $16.00 to $17.00 and gave the company a market perform rating in a research note on Monday, July 30th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Kimco Realty presently has an average rating of Hold and an average price target of $18.15.

In other Kimco Realty news, Director Philip E. Coviello, Jr. purchased 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were acquired at an average cost of $16.46 per share, for a total transaction of $90,530.00. Following the completion of the purchase, the director now owns 52,965 shares of the company’s stock, valued at approximately $871,803.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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

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