Equities research analysts expect Kimco Realty Corporation (NYSE:KIM) to announce earnings per share of $0.38 for the current quarter, according to Zacks. Five analysts have made estimates for Kimco Realty Corporation’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.38. Kimco Realty Corporation also reported earnings per share of $0.38 during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Kimco Realty Corporation will report full-year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.52 to $1.56. For the next year, analysts expect that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.57 to $1.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Kimco Realty Corporation.

Kimco Realty Corporation (NYSE:KIM) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year.

A number of research firms have commented on KIM. Zacks Investment Research downgraded shares of Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. TheStreet downgraded shares of Kimco Realty Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Canaccord Genuity restated a “buy” rating and set a $34.00 price target on shares of Kimco Realty Corporation in a research report on Thursday, April 27th. Finally, BidaskClub upgraded shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.15.

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In other news, Director Philip E. Coviello, Jr. bought 20,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were acquired at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the transaction, the director now directly owns 41,045 shares in the company, valued at approximately $712,951.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Kimco Realty Corporation by 32.6% in the first quarter. Wells Fargo & Company MN now owns 983,249 shares of the real estate investment trust’s stock valued at $21,719,000 after buying an additional 241,457 shares during the period. Candriam Luxembourg S.C.A. increased its position in Kimco Realty Corporation by 16.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 55,841 shares of the real estate investment trust’s stock valued at $1,234,000 after buying an additional 7,928 shares during the period. Cibc World Markets Corp increased its position in Kimco Realty Corporation by 52.5% in the first quarter. Cibc World Markets Corp now owns 44,437 shares of the real estate investment trust’s stock valued at $982,000 after buying an additional 15,301 shares during the period. BB&T Securities LLC increased its position in Kimco Realty Corporation by 7.6% in the first quarter. BB&T Securities LLC now owns 130,979 shares of the real estate investment trust’s stock valued at $2,893,000 after buying an additional 9,249 shares during the period. Finally, California Public Employees Retirement System increased its position in Kimco Realty Corporation by 5.0% in the first quarter. California Public Employees Retirement System now owns 961,886 shares of the real estate investment trust’s stock valued at $21,248,000 after buying an additional 45,900 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kimco Realty Corporation (NYSE:KIM) traded down 2.30% on Friday, reaching $19.99. 3,203,958 shares of the company’s stock traded hands. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 40.71 and a beta of 0.67. The company has a 50 day moving average price of $19.27 and a 200 day moving average price of $20.95. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $30.71.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 220.41%.

About Kimco Realty Corporation

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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Earnings History and Estimates for Kimco Realty Corporation (NYSE:KIM)

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