Kimco Realty (NYSE:KIM) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Kimco Realty Corp (NYSE:KIM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.85 and traded as high as $23.51. Kimco Realty shares last traded at $23.43, with a volume of 3,107,553 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KIM. Mizuho boosted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI dropped their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. The Goldman Sachs Group increased their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Finally, Argus raised Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Eleven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.84.

Kimco Realty Stock Down 2.0 %

The business’s 50 day moving average is $24.46 and its 200 day moving average is $22.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 41.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The business had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. Equities analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.35%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. Kimco Realty’s dividend payout ratio is 181.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the third quarter worth $31,000. Brooklyn Investment Group acquired a new stake in Kimco Realty during the third quarter valued at $37,000. Quarry LP acquired a new stake in Kimco Realty during the third quarter valued at $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Kimco Realty by 378.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,144 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.