Kimco Realty (KIM) Set to Announce Earnings on Thursday

Kimco Realty (NYSE:KIM) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Kimco Realty to post earnings of $0.37 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kimco Realty Stock Down 0.5 %

NYSE:KIM opened at $18.53 on Thursday. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 4.19 and a beta of 1.45. Kimco Realty has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $19.04 and its 200 day moving average price is $19.37.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KIM. Bank of America reissued a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Mizuho dropped their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price on the stock. Citigroup reaffirmed a “neutral” rating and issued a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Robert W. Baird dropped their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.67.

Insider Transactions at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

About Kimco Realty

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.