KIM has been the subject of a number of other research reports. J P Morgan Chase & Co cut Kimco Realty from an overweight rating to a neutral rating and set a $20.00 target price for the company. in a research note on Friday, December 15th. Stifel Nicolaus began coverage on Kimco Realty in a research note on Thursday, November 30th. They issued a hold rating and a $19.50 target price for the company. Robert W. Baird cut Kimco Realty from an outperform rating to a neutral rating and lowered their target price for the company from $23.00 to $20.00 in a research note on Monday, November 27th. Boenning Scattergood restated a hold rating on shares of Kimco Realty in a research note on Friday, October 27th. Finally, BMO Capital Markets set a $21.00 target price on Kimco Realty and gave the company a hold rating in a research note on Wednesday, October 25th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $22.75.
Shares of Kimco Realty (NYSE KIM) opened at $18.03 on Monday. Kimco Realty has a fifty-two week low of $17.02 and a fifty-two week high of $26.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $7,793.71, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio (DPR) is 125.58%.
In related news, insider Milton Cooper acquired 50,000 shares of Kimco Realty stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of $19.20 per share, with a total value of $960,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth $105,000. Pacer Advisors Inc. increased its holdings in shares of Kimco Realty by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 790 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Kimco Realty in the 3rd quarter worth $201,000. Stoneridge Investment Partners LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth $203,000. Finally, Carnegie Capital Asset Management LLC bought a new stake in shares of Kimco Realty in the 2nd quarter worth $204,000. 91.51% of the stock is owned by institutional investors.
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Kimco Realty Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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