Kimco Realty (NYSE:KIM) Price Target Lowered to $20.00 at Mizuho

Kimco Realty (NYSE:KIM) had its price objective cut by Mizuho from $21.00 to $20.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated 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. Robert W. Baird lowered their price target 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. Citigroup reissued a neutral rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Truist Financial lowered their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a hold rating on the stock in a research note on Monday, May 20th. Finally, Bank of America reiterated a neutral rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $21.52.

Kimco Realty Stock Down 0.5 %

Shares of KIM stock opened at $18.47 on Thursday. The firm’s fifty day moving average price is $18.78 and its two-hundred day moving average price is $19.61. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty has a 1 year low of $16.34 and a 1 year high of $22.83. The firm has a market capitalization of $12.45 billion, a P/E ratio of 34.85, a PEG ratio of 3.60 and a beta of 1.46.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.20%. Kimco Realty’s payout ratio is 181.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Raymond James Financial Services Advisors Inc. boosted its position in shares of Kimco Realty by 6.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,426 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 1,021 shares in the last quarter. Allworth Financial LP lifted its position in shares of Kimco Realty by 46.6% during the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 827 shares during the last quarter. California Public Employees Retirement System boosted its stake in Kimco Realty by 4.3% in the third quarter. California Public Employees Retirement System now owns 1,180,739 shares of the real estate investment trust’s stock valued at $20,769,000 after buying an additional 48,389 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Kimco Realty by 27.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,902 shares of the real estate investment trust’s stock valued at $350,000 after acquiring an additional 4,331 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Kimco Realty during the third quarter worth about $42,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.