Kimco Realty Corp (NYSE:KIM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Kimco Realty Corp (NYSE:KIM) have received an average rating of “Hold” from the eleven ratings firms that are covering the company, 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.61.

Several analysts recently commented on KIM shares. Bank of America restated a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of 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 reiterated a “neutral” rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Mizuho dropped their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Truist Financial dropped their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday.

Kimco Realty Stock Down 0.1 %

KIM stock opened at $19.00 on Thursday. The firm has a market cap of $12.81 billion, a PE ratio of 35.85, a P/E/G ratio of 2.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s fifty day moving average is $18.79 and its 200 day moving average is $19.61. Kimco Realty has a one year low of $16.34 and a one year high of $22.83.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Kimco Realty by 7.7% during the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock worth $2,162,347,000 after purchasing an additional 7,931,013 shares during the period. Cohen & Steers Inc. raised its stake in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the period. JPMorgan Chase & Co. raised its stake in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the period. Invesco Ltd. raised its stake in Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in Kimco Realty by 76.8% during the first quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock worth $269,531,000 after purchasing an additional 6,282,891 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.