Kimco Realty (NYSE:KIM)‘s stock had its “hold” rating reiterated by analysts at Boenning Scattergood in a note issued to investors on Friday, February 16th. Boenning Scattergood also issued estimates for Kimco Realty’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.44 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.48 EPS.
Other research analysts have also recently issued research reports about the stock. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Kimco Realty in a research report on Friday, November 10th. Mizuho set a $20.00 price objective on shares of Kimco Realty and gave the company a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus started coverage on shares of Kimco Realty in a research note on Thursday, November 30th. They set a “hold” rating and a $19.50 price target on the stock. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.48.
Kimco Realty (NYSE KIM) traded down $0.09 on Friday, reaching $14.59. 4,345,335 shares of the company’s stock were exchanged, compared to its average volume of 5,984,300. Kimco Realty has a 12 month low of $13.70 and a 12 month high of $23.03. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. The stock has a market cap of $6,180.00, a price-to-earnings ratio of 22.45, a PEG ratio of 3.02 and a beta of 0.50.
Kimco Realty declared that its board has authorized a stock repurchase plan on Thursday, February 15th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Frank Lourenso sold 3,380 shares of Kimco Realty stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $15.29, for a total value of $51,680.20. Following the transaction, the director now directly owns 182,481 shares of the company’s stock, valued at approximately $2,790,134.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Sentry Investment Management LLC increased its holdings in Kimco Realty by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 32,994 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 345 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Kimco Realty by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,617 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 2,994 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in shares of Kimco Realty by 9.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 38,075 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 3,175 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Kimco Realty by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 652,182 shares of the real estate investment trust’s stock worth $12,750,000 after acquiring an additional 3,299 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Kimco Realty by 5.0% in the 3rd quarter. Advisor Group Inc. now owns 70,309 shares of the real estate investment trust’s stock worth $1,374,000 after acquiring an additional 3,366 shares in the last quarter. Institutional investors and hedge funds own 90.59% of the company’s stock.
About Kimco Realty
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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