Kimco Realty Corp. (NYSE:KIM)‘s stock had its “hold” rating reissued by Wells Fargo & Co. in a report released on Wednesday.

Several other research firms also recently weighed in on KIM. Goldman Sachs Group Inc. downgraded Kimco Realty Corp. from a “neutral” rating to a “sell” rating in a research note on Tuesday. Argus upgraded Kimco Realty Corp. from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 25th. JPMorgan Chase & Co. upped their price target on Kimco Realty Corp. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. BTIG Research initiated coverage on Kimco Realty Corp. in a research note on Thursday, August 25th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, Vetr upgraded Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price target on the stock in a research note on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Kimco Realty Corp. presently has a consensus rating of “Hold” and an average target price of $31.67.

Analyst Recommendations for Kimco Realty Corp. (NYSE:KIM)

Kimco Realty Corp. (NYSE:KIM) traded down 1.92% during mid-day trading on Wednesday, reaching $25.54. The company’s stock had a trading volume of 5,242,054 shares. The company has a 50-day moving average price of $26.64 and a 200-day moving average price of $29.02. The firm has a market cap of $10.86 billion, a PE ratio of 17.13 and a beta of 0.86. Kimco Realty Corp. has a 12-month low of $24.75 and a 12-month high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last posted its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Kimco Realty Corp. had a return on equity of 12.62% and a net margin of 57.87%. The firm had revenue of $285.08 million for the quarter, compared to the consensus estimate of $288.31 million. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities research analysts expect 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. Shareholders of record on Tuesday, January 3rd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost 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 4.15%. Kimco Realty Corp.’s dividend payout ratio (DPR) is presently 67.55%.

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Several hedge funds have recently made changes to their positions in KIM. Cohen & Steers Inc. raised its stake in shares of Kimco Realty Corp. by 347.0% in the second quarter. Cohen & Steers Inc. now owns 3,596,451 shares of the real estate investment trust’s stock worth $189,893,000 after buying an additional 2,791,945 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Kimco Realty Corp. by 9.1% in the second quarter. JPMorgan Chase & Co. now owns 32,191,757 shares of the real estate investment trust’s stock worth $1,010,179,000 after buying an additional 2,691,051 shares during the period. Principal Financial Group Inc. raised its stake in shares of Kimco Realty Corp. by 214.6% in the second quarter. Principal Financial Group Inc. now owns 3,438,252 shares of the real estate investment trust’s stock worth $107,892,000 after buying an additional 2,345,280 shares during the period. Janus Capital Management LLC raised its stake in shares of Kimco Realty Corp. by 338.4% in the second quarter. Janus Capital Management LLC now owns 3,015,921 shares of the real estate investment trust’s stock worth $94,640,000 after buying an additional 2,328,010 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Kimco Realty Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 69,130,261 shares of the real estate investment trust’s stock worth $2,169,308,000 after buying an additional 1,879,171 shares during the period. Institutional investors own 90.77% of the company’s stock.

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.

5 Day Chart for NYSE:KIM

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