News headlines about Kimco Realty (NYSE:KIM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimco Realty earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.3921555852418 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
KIM has been the subject of a number of recent research reports. BMO Capital Markets set a $19.00 target price on shares of Kimco Realty and gave the company a “hold” rating in a research report on Thursday, February 15th. Barclays dropped their price objective on shares of Kimco Realty from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Deutsche Bank dropped their price objective on shares of Kimco Realty from $21.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 19th. Evercore ISI lowered shares of Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, March 5th. Finally, 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. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Kimco Realty has an average rating of “Hold” and a consensus price target of $19.52.
Shares of NYSE KIM traded down $0.32 during midday trading on Thursday, hitting $14.01. The company’s stock had a trading volume of 3,836,981 shares, compared to its average volume of 5,473,694. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.09 and a current ratio of 0.09. Kimco Realty has a 1 year low of $13.69 and a 1 year high of $23.03. The firm has a market cap of $6,088.27, a price-to-earnings ratio of 9.04, a PEG ratio of 2.94 and a beta of 0.50.
Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.21). The business had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $297.92 million. Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. equities analysts predict that Kimco Realty will post 1.44 EPS for the current fiscal year.
Kimco Realty announced that its Board of Directors has authorized a stock buyback 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be issued a $0.28 dividend. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 7.99%. Kimco Realty’s dividend payout ratio (DPR) is 72.26%.
In related news, Director Frank Lourenso sold 3,380 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $15.29, for a total value of $51,680.20. Following the sale, the director now owns 182,481 shares of the company’s stock, valued at $2,790,134.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.
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Kimco Realty 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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