Kimco Realty (NYSE:KIM) Sets New 1-Year High at $22.59

Kimco Realty Corp (NYSE:KIM) shares reached a new 52-week high on Thursday . The company traded as high as $22.59 and last traded at $22.46, with a volume of 28610 shares traded. The stock had previously closed at $22.36.

A number of equities research analysts recently issued reports on the stock. Barclays began coverage on shares of Kimco Realty in a research note on Wednesday, September 1st. They set an “overweight” rating and a $27.00 price target on the stock. Wolfe Research initiated coverage on shares of Kimco Realty in a research report on Thursday, September 23rd. They issued a “market perform” rating and a $24.00 price objective for the company. Morgan Stanley raised their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 19th. Scotiabank lifted their price target on shares of Kimco Realty from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, June 28th. Finally, Truist lifted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Buy” and a consensus target price of $23.04.

The company has a debt-to-equity ratio of 0.90, a current ratio of 3.50 and a quick ratio of 3.50. The company has a 50 day moving average price of $21.70 and a 200 day moving average price of $21.06. The firm has a market cap of $13.85 billion, a PE ratio of 24.84, a PEG ratio of 2.20 and a beta of 1.54.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 23rd. Stockholders of record on Thursday, September 9th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, September 8th. Kimco Realty’s dividend payout ratio (DPR) is presently 58.12%.

Institutional investors have recently added to or reduced their stakes in the company. Resolution Capital Ltd raised its position in Kimco Realty by 42.0% in the second quarter. Resolution Capital Ltd now owns 19,180,185 shares of the real estate investment trust’s stock worth $399,907,000 after acquiring an additional 5,676,364 shares in the last quarter. Cohen & Steers Inc. grew its holdings in Kimco Realty by 58.8% in the first quarter. Cohen & Steers Inc. now owns 12,353,150 shares of the real estate investment trust’s stock valued at $231,622,000 after purchasing an additional 4,575,875 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Kimco Realty by 86.2% during the second quarter. Daiwa Securities Group Inc. now owns 7,938,119 shares of the real estate investment trust’s stock valued at $165,510,000 after acquiring an additional 3,675,052 shares during the last quarter. Morgan Stanley boosted its stake in shares of Kimco Realty by 125.3% during the first quarter. Morgan Stanley now owns 3,827,849 shares of the real estate investment trust’s stock valued at $71,774,000 after acquiring an additional 2,128,951 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Kimco Realty by 6.2% during the second quarter. State Street Corp now owns 24,901,763 shares of the real estate investment trust’s stock valued at $519,202,000 after acquiring an additional 1,450,905 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About Kimco Realty (NYSE:KIM)

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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