Kimco Realty (NYSE:KIM) Sets New 12-Month High at $22.59

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

KIM has been the subject of several analyst reports. Morgan Stanley raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 19th. Truist raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 30th. Barclays began coverage on shares of Kimco Realty in a research report on Wednesday, September 1st. They issued an “overweight” rating and a $27.00 price target for the company. Truist Securities boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Finally, Capital One Financial upgraded shares of Kimco Realty from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Monday, August 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $23.04.

The company has a market capitalization of $13.85 billion, a P/E ratio of 24.84, a PEG ratio of 2.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.50 and a current ratio of 3.50. The company’s fifty day simple moving average is $21.70 and its 200-day simple moving average is $21.06.

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, September 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.01%. Kimco Realty’s payout ratio is 58.12%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meridian Wealth Partners LLC purchased a new position in shares of Kimco Realty during the 1st quarter worth $27,000. Quadrant Capital Group LLC boosted its stake in shares of Kimco Realty by 128.5% during the second quarter. Quadrant Capital Group LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 812 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Kimco Realty in the 3rd quarter worth about $34,000. Crescent Capital Consulting LLC purchased a new position in shares of Kimco Realty in the 3rd quarter worth about $39,000. Finally, Arkadios Wealth Advisors lifted its position in shares of Kimco Realty by 182.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,069 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 1,983 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Kimco Realty Company Profile (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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