Kimco Realty Co. (KIM) Updates FY12 Earnings Guidance
Kimco Realty Co. (KIM) updated its FY12 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.24-1.26 for the period.
A number of research firms have also recently commented on KIM. Analysts at Deutsche Bank reiterated a hold rating on shares of Kimco Realty in a research note to investors on Wednesday, October 24th. They now have a $19.00 price target on the stock. On a related note, analysts at Barclays Capital reiterated an overweight rating on shares of Kimco Realty in a research note to investors on Monday, October 22nd. They now have a $22.00 price target on the stock. Finally, analysts at RBC Capital reiterated an outperform rating on shares of Kimco Realty in a research note to investors on Monday, September 24th. They now have a $23.00 price target on the stock.
Shares of Kimco Realty Co. (KIM) traded down 0.76% during mid-day trading on Tuesday, hitting $19.63. Kimco Realty Co. (KIM) has a 52 week low of $14.56 and a 52 week high of $21.16. The company has a market cap of $7.989 billion and a P/E ratio of 51.11.
Kimco Realty last announced its earnings results on Tuesday, October 30th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $231.88 million for the quarter, compared to the consensus estimate of $227.10 million. On average, analysts predict that Kimco Realty Co. (KIM) will post $1.26 earnings per share for the current fiscal year.
Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT). The Company is an owner and operator of neighborhood and community shopping centers.
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