Kimco Realty (NYSE:KIM) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Kimco Realty (NYSE:KIM) had its price objective upped by Robert W. Baird from $23.00 to $26.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

KIM has been the topic of a number of other reports. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Evercore ISI upped their price target on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Compass Point lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Friday, August 16th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Kimco Realty Trading Up 0.7 %

KIM stock opened at $24.89 on Tuesday. Kimco Realty has a 12-month low of $17.57 and a 12-month high of $25.19. The business’s 50-day moving average is $23.73 and its 200 day moving average is $21.49. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 3.28 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, sell-side analysts anticipate that Kimco Realty will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.02%. Kimco Realty’s payout ratio is presently 174.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KIM. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty in the third quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the third quarter worth $37,000. Blue Trust Inc. grew its stake in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 773 shares during the period. Finally, Quarry LP acquired a new stake in shares of Kimco Realty in the third quarter valued at $51,000. 89.25% of the stock is currently owned by hedge funds and other 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.