Kimco Realty Corp (NYSE:KIM) has been given an average recommendation of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.34.

KIM has been the subject of several analyst reports. Zacks Investment Research lowered Kimco Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine lowered Kimco Realty from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Robert W. Baird lowered Kimco Realty from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Monday, November 27th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty in a report on Friday, October 27th. Finally, BMO Capital Markets set a $21.00 price objective on Kimco Realty and gave the company a “hold” rating in a report on Wednesday, October 25th.

Shares of Kimco Realty (NYSE KIM) traded up $0.17 on Friday, hitting $14.18. The stock had a trading volume of 11,249,280 shares, compared to its average volume of 5,770,000. Kimco Realty has a 12-month low of $13.70 and a 12-month high of $25.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $6,040.00, a price-to-earnings ratio of 20.85, a PEG ratio of 1.80 and a beta of 0.46.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Monday, April 2nd. Kimco Realty’s payout ratio is 164.71%.

In other news, insider Milton Cooper bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Kimco Realty by 1.0% in the 4th quarter. BlackRock Inc. now owns 41,753,452 shares of the real estate investment trust’s stock valued at $757,825,000 after acquiring an additional 394,524 shares during the period. Bank of New York Mellon Corp increased its position in shares of Kimco Realty by 11.7% in the 4th quarter. Bank of New York Mellon Corp now owns 18,745,745 shares of the real estate investment trust’s stock valued at $340,235,000 after acquiring an additional 1,959,743 shares during the period. PGGM Investments increased its position in shares of Kimco Realty by 4.9% in the 3rd quarter. PGGM Investments now owns 11,304,000 shares of the real estate investment trust’s stock valued at $220,993,000 after acquiring an additional 523,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kimco Realty by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,119,693 shares of the real estate investment trust’s stock valued at $119,639,000 after acquiring an additional 145,326 shares during the period. Finally, Cohen & Steers Inc. increased its position in shares of Kimco Realty by 13.9% in the 3rd quarter. Cohen & Steers Inc. now owns 5,419,914 shares of the real estate investment trust’s stock valued at $105,959,000 after acquiring an additional 661,103 shares during the period. 92.25% of the stock is currently owned by hedge funds and other institutional investors.

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About Kimco Realty

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.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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