Kimco Realty Corporation’s (KIM) “Hold” Rating Reaffirmed at Mizuho

Mizuho reiterated their hold rating on shares of Kimco Realty Corporation (NYSE:KIM) in a research report report published on Monday. The brokerage currently has a $19.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Kimco Realty Corporation from a hold rating to a sell rating in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised Kimco Realty Corporation from a sell rating to a neutral rating and set a $18.70 price objective for the company in a research note on Tuesday, June 20th. Argus cut Kimco Realty Corporation from a buy rating to a hold rating in a research note on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets started coverage on Kimco Realty Corporation in a research note on Monday, September 11th. They set a market perform rating and a $21.00 price objective for the company. Finally, Barclays PLC reaffirmed an overweight rating and set a $23.00 price objective (up from $22.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $24.43.

Shares of Kimco Realty Corporation (NYSE:KIM) opened at 19.16 on Monday. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $28.52. The stock’s 50 day moving average price is $19.69 and its 200 day moving average price is $19.70. The stock has a market capitalization of $8.16 billion, a P/E ratio of 39.02 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a yield of 5.64%. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Kimco Realty Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $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 Corporation in the third quarter valued at about $201,000. Carnegie Capital Asset Management LLC bought a new stake in shares of Kimco Realty Corporation in the second quarter valued at about $204,000. Creative Planning lifted its holdings in shares of Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 2,715 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of Kimco Realty Corporation by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 10,550

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Kimco Realty Corporation from a hold rating to a sell rating in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised Kimco Realty Corporation from a sell rating to a neutral rating and set a $18.70 price objective for the company in a research note on Tuesday, June 20th. Argus cut Kimco Realty Corporation from a buy rating to a hold rating in a research note on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets started coverage on Kimco Realty Corporation in a research note on Monday, September 11th. They set a market perform rating and a $21.00 price objective for the company. Finally, Barclays PLC reaffirmed an overweight rating and set a $23.00 price objective (up from $22.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $24.43.

Shares of Kimco Realty Corporation (NYSE:KIM) opened at 19.16 on Monday. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $28.52. The stock’s 50 day moving average price is $19.69 and its 200 day moving average price is $19.70. The stock has a market capitalization of $8.16 billion, a P/E ratio of 39.02 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/kimco-realty-corporations-kim-hold-rating-reaffirmed-at-mizuho.html.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a yield of 5.64%. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Kimco Realty Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $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 Corporation in the third quarter valued at about $201,000. Carnegie Capital Asset Management LLC bought a new stake in shares of Kimco Realty Corporation in the second quarter valued at about $204,000. Creative Planning lifted its holdings in shares of Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 2,715 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of Kimco Realty Corporation by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

About Kimco Realty Corporation

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.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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