Kimco Realty Corp (NYSE:KIM) Receives $21.48 Consensus Target Price from Brokerages

Shares of Kimco Realty Corp (NYSE:KIM) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.48.

KIM has been the subject of a number of research reports. Bank of America restated a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Citigroup restated a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Mizuho reduced their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target for the company. Finally, Robert W. Baird reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th.

Kimco Realty Trading Down 1.0 %

NYSE:KIM opened at $18.63 on Friday. 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 stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 4.15 and a beta of 1.45. The firm has a fifty day simple moving average of $18.95 and a two-hundred day simple moving average of $19.43. Kimco Realty has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is currently 94.12%.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KIM. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Kimco Realty during the third quarter valued at about $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Kimco Realty in the fourth quarter worth about $27,000. Headlands Technologies LLC bought a new stake in Kimco Realty in the fourth quarter worth about $27,000. Principal Securities Inc. bought a new stake in Kimco Realty in the fourth quarter worth about $29,000. Finally, Criterion Capital Advisors LLC bought a new stake in Kimco Realty in the fourth quarter worth about $33,000. 89.25% of the stock is owned by institutional investors.

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.