Kimco Realty Corporation (NYSE:KIM) shares traded -2.62% lower at $16.38 on Wall Street last session.
In accordance with the data, 22 analysts cover Kimco Realty Corporation (NYSE:KIM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $19.00, we find $22.00. Given the previous closing price of $16.82, this indicates a potential upside of 30.8 percent. KIM stock price is now -9.09% away from the 50-day moving average and -15.36% away from the 200-day moving average. The market capitalization of the company currently stands at $10.15B.
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It has been rated a hold by 11 analysts and a buy by 9. Brokers who have rated the stock have averaged $21.71 as their price target over the next twelve months.
With the price target maintained at $20, Wells Fargo recently Upgraded its rating from Underweight to Equal Weight for Kimco Realty Corporation (NYSE: KIM).
In other news, LOURENSO FRANK, Director sold 9,630 shares of the company’s stock on Feb 28. The stock was sold for $199,351 at an average price of $20.70. Upon completion of the transaction, the Director now directly owns 212,424 shares in the company, valued at $3.48 million. Insiders disposed of 459,976 shares of company stock worth roughly $7.53 million over the past 1 year. A total of 2.23% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KIM stock. A new stake in Kimco Realty Corporation shares was purchased by WALLEYE CAPITAL LLC during the first quarter worth $18,551,000. POINT72 ASSET MANAGEMENT, L.P. invested $3,441,000 in shares of KIM during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Kimco Realty Corporation valued at approximately $2,870,000. MIRABELLA FINANCIAL SERVICES LLP acquired a new stake in KIM for approximately $2,035,000. JEFFERIES FINANCIAL GROUP INC. purchased a new stake in KIM valued at around $1,846,000 in the second quarter. In total, there are 785 active investors with 93.41% ownership of the company’s stock.
Kimco Realty Corporation (NYSE: KIM) opened at $16.68 on Wednesday. During the past 12 months, Kimco Realty Corporation has had a low of $16.36 and a high of $23.27. The fifty day moving average price for KIM is $17.95 and a two-hundred day moving average price translates $19.33 for the stock.
The latest earnings results from Kimco Realty Corporation (NYSE: KIM) was released for Jun, 2023. According to the REIT – Retail Company, earnings per share came in at $0.16, missing analysts’ expectations of $0.17 by -0.01. This compares to -$0.21 EPS in the same period last year. The net profit margin was 21.29% and return on equity was 4.13% for KIM. The company reported revenue of $442.84 million for the quarter, compared to $427.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.66 percent. For the current quarter, analysts expect KIM to generate $436.29M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/21/2023. Investors who held shares on 09/07/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.99 dividend and a 6.03% percent yield. There was an ex-dividend date of 09/06/2023 for this dividend. In terms of dividend payout ratio, KIM is presently at 526.65%.
