Brokerages Set Kimco Realty Corp (NYSE:KIM) Price Target at $21.89

Shares of Kimco Realty Corp (NYSE:KIM) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research 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 $21.67.

A number of equities analysts have commented on KIM shares. Piper Sandler lifted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. Mizuho decreased their price objective 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. Robert W. Baird decreased their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of Kimco Realty 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 sale, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Kimco Realty during the fourth quarter valued at about $27,000. Headlands Technologies LLC bought a new stake in shares of Kimco Realty during the fourth quarter valued at about $27,000. Principal Securities Inc. bought a new stake in shares of Kimco Realty during the fourth quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Kimco Realty during the third quarter valued at about $27,000. 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 currently owned by institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock opened at $18.51 on Wednesday. The company has a market cap of $12.48 billion, a PE ratio of 18.15, a P/E/G ratio of 3.64 and a beta of 1.45. The company has a fifty day moving average price of $19.53 and a two-hundred day moving average price of $19.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. Kimco Realty has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is currently 94.12%.

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.