Kimco Realty (NYSE:KIM) Upgraded by Mizuho to “Buy”

Mizuho upgraded shares of Kimco Realty (NYSE:KIM) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat.com reports. Mizuho currently has $20.00 target price on the real estate investment trust’s stock, down from their previous target price of $21.00.

A number of other analysts have also commented on the company. TheStreet lowered Kimco Realty from a b- rating to a c+ rating in a research note on Tuesday, August 29th. Compass Point raised Kimco Realty from a neutral rating to a buy rating and set a $22.00 price target for the company in a research note on Monday, August 28th. Wells Fargo & Company initiated coverage on Kimco Realty in a research note on Tuesday, May 23rd. They issued an underweight rating and a $19.00 price target for the company. Stifel Nicolaus dropped their price target on Kimco Realty from $23.75 to $23.25 and set a buy rating for the company in a research note on Thursday, August 31st. Finally, Argus lowered their price objective on Kimco Realty from $27.00 to $22.00 in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $22.17.

Kimco Realty Stock Down 1.4 %

Shares of Kimco Realty stock opened at $18.61 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.00 and a current ratio of 4.00. Kimco Realty has a 52-week low of $17.34 and a 52-week high of $23.27. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.67 and a beta of 1.46. The company’s 50 day moving average price is $19.63 and its 200-day moving average price is $19.16.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.94%. Kimco Realty’s dividend payout ratio is currently 150.82%.

Institutional Investors Weigh In On Kimco Realty

A number of large investors have recently made changes to their positions in KIM. CVA Family Office LLC grew its stake in shares of Kimco Realty by 102.0% during the 2nd quarter. CVA Family Office LLC now owns 1,535 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 775 shares during the period. Desjardins Global Asset Management Inc. purchased a new position in shares of Kimco Realty during the 1st quarter valued at about $33,000. VitalStone Financial LLC purchased a new position in shares of Kimco Realty during the 1st quarter valued at about $39,000. PSI Advisors LLC purchased a new position in shares of Kimco Realty during the 1st quarter valued at about $45,000. Finally, Tobam purchased a new position in shares of Kimco Realty during the 2nd quarter valued at about $59,000. 90.42% of the stock is currently 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.