Kimco Realty (NYSE:KIM) Price Target Raised to $26.00 at Mizuho

Kimco Realty (NYSE:KIM) had its target price hoisted by Mizuho from $24.00 to $26.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Truist Financial upped their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Evercore ISI upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Compass Point upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, UBS Group upped their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.70.

Kimco Realty Trading Down 1.2 %

Kimco Realty stock opened at $24.75 on Tuesday. The stock has a market cap of $16.68 billion, a P/E ratio of 45.00, a PEG ratio of 3.30 and a beta of 1.50. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The firm’s fifty day moving average price is $24.40 and its 200-day moving average price is $22.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Kimco Realty will post 1.64 earnings per share 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. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio is currently 181.82%.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its stake in Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 482 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Kimco Realty by 1.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after buying an additional 522 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 565 shares in the last quarter. CWM LLC raised its stake in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 595 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in Kimco Realty by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 663 shares in the last quarter. 89.25% of the stock is 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.