Today: Today, Kimco Realty Corp. (KIM) Upgrade at Argus

Today, Kimco Realty Corp. (KIM) Upgrade at Argus

Kimco Realty Corp. (NYSE:KIM) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Kimco Realty Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Stifel Nicolaus downgraded shares of Kimco Realty Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Vetr raised shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price target for the company in a research note on Thursday, September 29th. BTIG Research started coverage on shares of Kimco Realty Corp. in a report on Thursday, August 25th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Deutsche Bank AG lifted their price objective on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.59.

Kimco Realty Corp. (NYSE:KIM) opened at 26.07 on Friday. The company has a market capitalization of $11.08 billion, a PE ratio of 17.48 and a beta of 0.86. The company has a 50-day moving average price of $26.75 and a 200 day moving average price of $29.07. Kimco Realty Corp. has a 52-week low of $24.75 and a 52-week high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last posted its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Kimco Realty Corp. had a net margin of 57.87% and a return on equity of 12.62%. The firm earned $285.08 million during the quarter, compared to the consensus estimate of $288.31 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that Kimco Realty Corp. will post $1.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, December 29th. This is a positive change from Kimco Realty Corp.’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.14%. Kimco Realty Corp.’s payout ratio is 67.55%.

Several large investors have recently made changes to their positions in the stock. Assetmark bought a new stake in shares of Kimco Realty Corp. during the third quarter worth $0. Advisors Asset Management Inc. raised its stake in shares of Kimco Realty Corp. by 66.5% in the second quarter. Advisors Asset Management Inc. now owns 3,329 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,329 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kimco Realty Corp. by 38.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,367 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 942 shares during the period. Global X Management Co. LLC raised its stake in shares of Kimco Realty Corp. by 160.2% in the second quarter. Global X Management Co. LLC now owns 3,700 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,278 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Kimco Realty Corp. by 10.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,809 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 538 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

About Kimco Realty Corp.

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

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