News articles about Kimco Realty (NYSE:KIM) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kimco Realty earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5683576427235 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Trading summary of Unusual Activity – Kimco Realty Corporation (KIM) – Wall Street Morning (wallstreetmorning.com)
- $300.68 Million in Sales Expected for Kimco Realty Corp (KIM) This Quarter (americanbankingnews.com)
- Kimco Realty Corporation (NYSE:KIM) – Where Relative Volume Stands? – Nasdaq Journal (press release) (nasdaqjournal.com)
- Kimco Realty Corporation (NYSE:KIM) – PEG Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
- Is the sentiment expressed is pleasing? Kimco Realty Corporation (KIM), Yelp Inc. (YELP) – Market Movers (financialqz.com)
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Kimco Realty from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus assumed coverage on shares of Kimco Realty in a research report on Thursday, November 30th. They issued a “hold” rating and a $19.50 price target on the stock. Citigroup boosted their price target on shares of Kimco Realty from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty in a research report on Friday, August 18th. Finally, J P Morgan Chase & Co upgraded shares of Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research report on Tuesday, September 26th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.02.
Shares of Kimco Realty (NYSE:KIM) traded up $0.13 during mid-day trading on Friday, hitting $18.29. 2,137,300 shares of the stock were exchanged, compared to its average volume of 4,410,362. Kimco Realty has a 12 month low of $17.02 and a 12 month high of $26.63. The firm has a market capitalization of $7,678.79, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08.
Kimco Realty (NYSE:KIM) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. Kimco Realty’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current year.
The business also recently announced 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 6.12%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio is presently 125.58%.
In other Kimco Realty news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $19.20 per share, for a total transaction of $960,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.
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About Kimco Realty
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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