Press coverage about Kimco Realty (NYSE:KIM) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kimco Realty earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.8043141137249 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- $0.35 Earnings Per Share Expected for Kimco Realty Corp (KIM) This Quarter (americanbankingnews.com)
- Kimco Realty Corp (KIM) Shares Close Above Parabolic SAR Line (zeelandpress.com)
- Volatile Technology Stocks to Watch- Kimco Realty Corporation (NYSE:KIM), Keane Group, Inc. (NYSE:FRAC … (journalfinance.net)
- Present Performance: Kimco Realty Corporation, (NYSE: KIM) (topstocksnews.com)
- Kimco Realty sells Colorado Springs retail center (smartbrief.com)
A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 21st. Wells Fargo & Co increased their price objective on shares of Kimco Realty from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Monday, July 30th. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Kimco Realty in a research note on Friday, July 27th. JPMorgan Chase & Co. raised shares of Kimco Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, June 15th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $18.00 price objective on shares of Kimco Realty in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.15.
KIM opened at $17.22 on Thursday. The firm has a market cap of $7.21 billion, a P/E ratio of 11.11, a P/E/G ratio of 3.70 and a beta of 0.38. Kimco Realty has a fifty-two week low of $13.16 and a fifty-two week high of $20.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.09 and a quick ratio of 0.09.
Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, July 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $293.40 million during the quarter, compared to analysts’ expectations of $291.04 million. Kimco Realty had a net margin of 42.68% and a return on equity of 9.40%. Kimco Realty’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. research analysts predict that Kimco Realty will post 1.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, October 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $1.12 annualized dividend and a yield of 6.50%. Kimco Realty’s payout ratio is 72.26%.
In related news, Director Philip E. Coviello, Jr. bought 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was bought at an average cost of $16.46 per share, with a total value of $90,530.00. Following the completion of the purchase, the director now owns 52,965 shares of the company’s stock, valued at approximately $871,803.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.
Kimco Realty Company Profile
Kimco Realty Corp. (NYSE: KIM) 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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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