Kimco Realty (NYSE:KIM) Price Target Cut to $22.00 by Analysts at Mizuho

Kimco Realty (NYSE:KIM) had its price target trimmed by Mizuho from $26.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

KIM has been the subject of a number of other research reports. UBS Group upped their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Evercore ISI decreased their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Robert W. Baird increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.57.

Kimco Realty Price Performance

Shares of KIM opened at $21.86 on Tuesday. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 2.78 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 company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The business’s 50-day moving average is $22.56 and its 200-day moving average is $23.39.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities research analysts expect that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. Kimco Realty’s payout ratio is currently 178.57%.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds have recently added to or reduced their stakes in KIM. Captrust Financial Advisors grew 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 valued at $340,000 after acquiring an additional 482 shares during the period. Keybank National Association OH grew its stake in Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 496 shares during the period. Global Assets Advisory LLC grew its stake in Kimco Realty by 5.4% in the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 528 shares during the period. Avantax Advisory Services Inc. grew its stake in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 539 shares during the period. Finally, Coldstream Capital Management Inc. grew 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 valued at $544,000 after acquiring an additional 565 shares during the period. 89.25% of the stock is currently owned by institutional investors.

About Kimco Realty

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.