Kimco Realty Corporation (KIM) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Kimco Realty Corporation (NYSE:KIM) in a report published on Friday. Robert W. Baird currently has a $23.00 price objective on the real estate investment trust’s stock.

KIM has been the subject of a number of other research reports. Zacks Investment Research raised shares of Kimco Realty Corporation from a sell rating to a hold rating in a report on Tuesday, August 1st. BidaskClub raised shares of Kimco Realty Corporation from a hold rating to a buy rating in a report on Thursday, August 10th. Argus lowered shares of Kimco Realty Corporation from a buy rating to a hold rating in a report on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets assumed coverage on shares of Kimco Realty Corporation in a report on Monday, September 11th. They issued a market perform rating and a $21.00 price target for the company. Finally, Mizuho reissued a hold rating and issued a $19.00 price target on shares of Kimco Realty Corporation in a report on Monday, October 9th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $24.25.

Shares of Kimco Realty Corporation (NYSE KIM) opened at $19.15 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8,151.26, a P/E ratio of 12.68, a P/E/G ratio of 2.22 and a beta of 0.65. Kimco Realty Corporation has a fifty-two week low of $17.02 and a fifty-two week high of $26.63.

Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The company had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. research analysts expect that Kimco Realty Corporation will post 1.55 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders 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 dividend yield of 5.85%. This is a boost from Kimco Realty Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 125.58%.

Several hedge funds and other institutional investors have recently made changes to their positions in KIM. Creative Planning boosted its position in shares of Kimco Realty Corporation by 31.8% during the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 2,715 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Kimco Realty Corporation by 525.7% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 69,930 shares of the real estate investment trust’s stock worth $1,283,000 after purchasing an additional 58,753 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Kimco Realty Corporation by 25.6% during the second quarter. LS Investment Advisors LLC now owns 25,763 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 5,248 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Kimco Realty Corporation by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 200 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Kimco Realty Corporation by 28.9% during the second quarter. Aperio Group LLC now owns 173,685 shares of the real estate investment trust’s stock worth $3,187,000 after purchasing an additional 38,976 shares in the last quarter. 90.22% of the stock is currently owned by institutional investors.

Kimco Realty Corporation 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.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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