Equities analysts expect that Kimco Realty Corp (NYSE:KIM) will announce earnings per share (EPS) of $0.37 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Kimco Realty’s earnings, with estimates ranging from $0.35 to $0.38. Kimco Realty posted earnings of $0.35 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.7%. The firm is expected to report its next earnings report before the market opens on Thursday, January 30th.
According to Zacks, analysts expect that Kimco Realty will report full year earnings of $1.47 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.48. For the next year, analysts anticipate that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.50 to $1.54. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Kimco Realty.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.22). The firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $281.51 million. Kimco Realty had a return on equity of 7.36% and a net margin of 33.95%. Kimco Realty’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share.
A number of equities analysts recently commented on the company. Compass Point upgraded Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Monday, November 25th. Morgan Stanley raised shares of Kimco Realty from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $16.00 to $20.00 in a research report on Tuesday, December 17th. TheStreet upgraded shares of Kimco Realty from a “c+” rating to a “b-” rating in a research note on Thursday, September 26th. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Scotiabank upgraded shares of Kimco Realty from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.07.
Shares of Kimco Realty stock traded up $0.30 during trading on Friday, hitting $20.76. 1,779,075 shares of the stock traded hands, compared to its average volume of 3,720,382. The stock has a market cap of $8.58 billion, a P/E ratio of 14.32, a PEG ratio of 3.37 and a beta of 0.56. Kimco Realty has a twelve month low of $14.32 and a twelve month high of $21.86. The company has a fifty day moving average price of $21.04 and a two-hundred day moving average price of $19.83.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, December 31st. Kimco Realty’s dividend payout ratio (DPR) is presently 77.24%.
A number of hedge funds have recently added to or reduced their stakes in KIM. Golden State Wealth Management LLC acquired a new position in shares of Kimco Realty in the third quarter valued at $28,000. Institutional & Family Asset Management LLC bought a new stake in Kimco Realty in the third quarter valued at $51,000. CSat Investment Advisory L.P. grew its position in Kimco Realty by 24.5% in the second quarter. CSat Investment Advisory L.P. now owns 2,840 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 558 shares during the period. NuWave Investment Management LLC raised its stake in Kimco Realty by 174.1% during the third quarter. NuWave Investment Management LLC now owns 2,582 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Kimco Realty during the second quarter worth $196,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.
Kimco Realty Company Profile
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.
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