Kimco Realty (NYSE:KIM – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.54-$1.57 for the period. The company issued revenue guidance of -.
Kimco Realty Trading Up 0.3 %
Shares of Kimco Realty stock opened at $21.43 on Thursday. The firm has a market capitalization of $13.25 billion, a PE ratio of 17.86, a P/E/G ratio of 2.05 and a beta of 1.39. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.74. Kimco Realty has a twelve month low of $18.52 and a twelve month high of $26.57. The firm’s 50-day moving average price is $20.89 and its 200 day moving average price is $22.99.
Kimco Realty Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a $0.22 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Kimco Realty’s dividend payout ratio is presently 66.67%.
Wall Street Analysts Forecast Growth
KIM has been the subject of a number of recent analyst reports. Mizuho cut their price target on shares of Kimco Realty from $27.00 to $23.00 and set a buy rating for the company in a report on Thursday, July 21st. Piper Sandler cut their price target on shares of Kimco Realty to $25.00 in a report on Monday, July 4th. StockNews.com downgraded shares of Kimco Realty from a hold rating to a sell rating in a report on Monday. Credit Suisse Group initiated coverage on shares of Kimco Realty in a report on Wednesday, June 22nd. They issued an outperform rating and a $22.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on shares of Kimco Realty from $28.00 to $23.00 and set a buy rating for the company in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty has an average rating of Moderate Buy and an average price target of $24.56.
Institutional Investors Weigh In On Kimco Realty
Ad Investing Daily
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Institutional investors have recently modified their holdings of the company. Covestor Ltd raised its stake in Kimco Realty by 56.4% during the 1st quarter. Covestor Ltd now owns 6,188 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 2,231 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in Kimco Realty by 25,960.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 6,515 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 6,490 shares in the last quarter. Ethic Inc. raised its stake in Kimco Realty by 10.0% during the 1st quarter. Ethic Inc. now owns 8,955 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 817 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Kimco Realty in the first quarter valued at $283,000. Finally, Horizon Investments LLC acquired a new position in Kimco Realty in the first quarter valued at $308,000. 92.69% of the stock is owned by hedge funds and other institutional investors.
About Kimco Realty
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Kimco Realty right now?
Before you consider Kimco Realty, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Kimco Realty wasn’t on the list.
While Kimco Realty currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
from NYSE Updates – My Blog https://ift.tt/BTfpEbD
via IFTTT
No comments:
Post a Comment