Zacks: Brokerages Anticipate Kimco Realty Corp (NYSE:KIM) Will Announce Earnings of $0.37 Per Share

Equities research analysts expect Kimco Realty Corp (NYSE:KIM) to post $0.37 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Kimco Realty’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.38. Kimco Realty reported earnings per share of $0.35 in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, January 30th.

According to Zacks, analysts expect that Kimco Realty will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.48. For the next year, analysts forecast that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.48 to $1.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Kimco Realty.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.22). Kimco Realty had a net margin of 33.95% and a return on equity of 7.36%. The business had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $281.51 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis.

A number of analysts have recently issued reports on the stock. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, September 26th. Morgan Stanley raised shares of Kimco Realty from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $16.00 to $20.00 in a report on Tuesday, December 17th. Jefferies Financial Group initiated coverage on shares of Kimco Realty in a research report on Wednesday. They set a “hold” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $21.00 in a report on Wednesday, December 18th. Finally, Compass Point raised shares of Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 target price for the company in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.97.

A number of large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $28,000. Institutional & Family Asset Management LLC bought a new position in Kimco Realty in the 3rd quarter worth approximately $51,000. NuWave Investment Management LLC boosted its stake in Kimco Realty by 174.1% in the 3rd quarter. NuWave Investment Management LLC now owns 2,582 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,640 shares during the period. CSat Investment Advisory L.P. boosted its stake in Kimco Realty by 24.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,840 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 558 shares during the period. Finally, Shulman DeMeo Asset Management LLC bought a new position in Kimco Realty in the 3rd quarter worth approximately $200,000. 89.45% of the stock is owned by institutional investors and hedge funds.

KIM traded down $0.02 during midday trading on Friday, hitting $20.23. 58,099 shares of the company traded hands, compared to its average volume of 3,283,364. The firm has a market capitalization of $8.46 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 3.27 and a beta of 0.55. The company’s 50-day moving average is $20.54 and its 200 day moving average is $19.95. Kimco Realty has a 52 week low of $16.06 and a 52 week high of $21.86.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.12 annualized dividend and a yield of 5.54%. Kimco Realty’s dividend payout ratio (DPR) is presently 77.24%.

Kimco Realty Company Profile

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

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