Kimco Realty Corporation (NYSE:KIM) – Analysts at Boenning Scattergood raised their Q4 2018 earnings per share (EPS) estimates for Kimco Realty Corporation in a report issued on Friday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.41. Boenning Scattergood has a “Hold” rating on the stock.
Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. During the same period in the previous year, the firm posted $0.37 EPS. Kimco Realty Corporation’s revenue was up 2.0% compared to the same quarter last year. WARNING: This report was reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/q4-2018-eps-estimates-for-kimco-realty-corporation-boosted-by-boenning-scattergood-nysekim-updated-updated.html.
Other research analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a $34.00 price target on shares of Kimco Realty Corporation in a research note on Thursday, April 27th. TheStreet downgraded Kimco Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 26th. BidaskClub raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Kimco Realty Corporation has an average rating of “Buy” and a consensus target price of $27.90.
Kimco Realty Corporation (NYSE KIM) traded up 2.255% during midday trading on Monday, hitting $20.635. 2,710,356 shares of the stock were exchanged. The firm has a 50-day moving average price of $18.82 and a 200-day moving average price of $21.18. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $32.10. The stock has a market cap of $8.78 billion, a P/E ratio of 42.459 and a beta of 0.65.
Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in Kimco Realty Corporation by 30.5% in the first quarter. Global X Management Co. LLC now owns 9,861 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 2,304 shares during the period. Suntrust Banks Inc. boosted its stake in Kimco Realty Corporation by 5.3% in the first quarter. Suntrust Banks Inc. now owns 9,930 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 504 shares during the period. Fox Run Management L.L.C. acquired a new stake in Kimco Realty Corporation during the first quarter valued at approximately $235,000. Keybank National Association OH boosted its stake in Kimco Realty Corporation by 25.1% in the first quarter. Keybank National Association OH now owns 10,623 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 2,133 shares during the period. Finally, Sawtooth Solutions LLC acquired a new stake in Kimco Realty Corporation during the first quarter valued at approximately $236,000. Institutional investors own 90.13% of the company’s stock.
In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. purchased 7,500 shares of the stock in a transaction on Tuesday, May 9th. The stock was bought at an average price of $19.44 per share, for a total transaction of $145,800.00. Following the acquisition, the director now directly owns 41,045 shares of the company’s stock, valued at $797,914.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip E. Coviello, Jr. purchased 20,000 shares of the stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the director now directly owns 41,045 shares in the company, valued at $712,951.65. The disclosure for this purchase can be found here. 2.90% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is 220.41%.
Kimco Realty Corporation 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 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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