Kimco Realty Corp (NYSE:KIM) shares reached a new 52-week high on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $21.00 to $24.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Kimco Realty traded as high as $22.31 and last traded at $22.16, with a volume of 2776292 shares trading hands. The stock had previously closed at $22.16.
Several other equities analysts have also recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating on shares of Kimco Realty in a research report on Monday, April 19th. UBS Group assumed coverage on shares of Kimco Realty in a research note on Thursday, June 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Truist upped their target price on shares of Kimco Realty from $18.00 to $20.00 in a research report on Friday, March 5th. Morgan Stanley increased their price objective on shares of Kimco Realty from $20.00 to $23.50 and gave the company an “overweight” rating in a report on Tuesday, May 18th. Finally, Mizuho increased their price objective on shares of Kimco Realty from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, April 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.47.
In other Kimco Realty news, COO David Jamieson sold 89,102 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $22.25, for a total value of $1,982,519.50. 2.90% of the stock is owned by company insiders.
The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.53. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average of $20.67.
Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Kimco Realty had a net margin of 99.83% and a return on equity of 18.60%. On average, equities analysts anticipate that Kimco Realty Corp will post 1.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Wednesday, June 9th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Tuesday, June 8th. Kimco Realty’s dividend payout ratio is presently 58.12%.
About Kimco Realty (NYSE:KIM)
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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