Kimco Realty Corp (NYSE:KIM) announced a quarterly dividend on Friday, February 3rd. Stockholders of record on Wednesday, April 5th will be given a dividend of 0.27 per share by the real estate investment trust on Monday, April 17th. This represents a $1.08 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Monday, April 3rd.
Shares of Kimco Realty Corp (NYSE:KIM) opened at 22.09 on Friday. The stock has a 50 day moving average price of $23.16 and a 200 day moving average price of $25.61. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 27.96 and a beta of 0.73. Kimco Realty Corp has a 1-year low of $21.46 and a 1-year high of $32.24.
Kimco Realty Corp (NYSE:KIM) last announced its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.23. Kimco Realty Corp had a return on equity of 6.88% and a net margin of 32.40%. The firm earned $297 million during the quarter, compared to analyst estimates of $288.40 million. During the same quarter in the previous year, the business earned $0.37 EPS. Kimco Realty Corp’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Kimco Realty Corp will post $0.60 EPS for the current fiscal year.
Several equities analysts recently weighed in on the company. Raymond James Financial, Inc. upgraded Kimco Realty Corp from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research note on Monday, January 9th. Barclays PLC cut their price target on Kimco Realty Corp from $32.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. JPMorgan Chase & Co. lowered Kimco Realty Corp from an “overweight” rating to a “neutral” rating and cut their price target for the company from $30.00 to $27.50 in a research note on Friday, December 16th. Canaccord Genuity restated a “buy” rating and issued a $34.00 price target on shares of Kimco Realty Corp in a research note on Friday, February 3rd. Finally, Zacks Investment Research upgraded Kimco Realty Corp from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.93.
In other news, Chairman Milton Cooper acquired 5,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was bought at an average cost of $24.07 per share, for a total transaction of $120,350.00. Following the purchase, the chairman now owns 9,431,952 shares in the company, valued at $227,027,084.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Lourenso sold 6,389 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $25.06, for a total value of $160,108.34. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.
Kimco Realty Corp 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 December 31, 2016, the Company had interests in 525 shopping center properties, aggregating 85.4 million square feet of gross leasable area (GLA), located in 34 states, Puerto Rico and Canada.