Equities research analysts predict that Kimco Realty Corp (NYSE:KIM) will announce earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Kimco Realty’s earnings, with estimates ranging from $0.32 to $0.36. Kimco Realty posted earnings of $0.38 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 7.9%. The firm is expected to report its next earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Kimco Realty will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.44 to $1.47. For the next year, analysts anticipate that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Kimco Realty.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, July 26th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $293.40 million for the quarter, compared to analysts’ expectations of $291.04 million. Kimco Realty had a return on equity of 9.40% and a net margin of 42.68%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS.

KIM has been the topic of several research reports. JPMorgan Chase & Co. upgraded Kimco Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, June 15th. ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 21st. Sandler O’Neill restated a “hold” rating and issued a $18.00 target price on shares of Kimco Realty in a research note on Friday, July 27th. Stifel Nicolaus restated a “hold” rating and issued a $17.00 target price on shares of Kimco Realty in a research note on Friday, July 27th. Finally, Wells Fargo & Co boosted their target price on Kimco Realty from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Kimco Realty has a consensus rating of “Hold” and an average price target of $18.15.

NYSE KIM traded down $0.15 during trading on Wednesday, hitting $17.08. The stock had a trading volume of 3,194,900 shares, compared to its average volume of 4,530,341. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 3.78 and a beta of 0.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.09 and a current ratio of 0.09. Kimco Realty has a 12 month low of $13.16 and a 12 month high of $20.63.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, October 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Monday, October 1st. Kimco Realty’s dividend payout ratio (DPR) is 72.26%.

In related news, Director Philip E. Coviello, Jr. purchased 5,500 shares of the stock in a transaction on Wednesday, August 1st. The shares were purchased at an average price of $16.46 per share, with a total value of $90,530.00. Following the transaction, the director now directly owns 52,965 shares of the company’s stock, valued at $871,803.90. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. Whittier Trust Co. increased its position in shares of Kimco Realty by 27.9% during the 2nd quarter. Whittier Trust Co. now owns 14,340 shares of the real estate investment trust’s stock worth $329,000 after purchasing an additional 3,125 shares during the last quarter. American Asset Management Inc. increased its position in shares of Kimco Realty by 17.2% during the 2nd quarter. American Asset Management Inc. now owns 21,800 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 3,200 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Kimco Realty by 6.1% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 64,145 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 3,666 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Kimco Realty by 5.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 77,860 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 3,766 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Kimco Realty by 2.9% during the 1st quarter. Eaton Vance Management now owns 144,791 shares of the real estate investment trust’s stock worth $2,085,000 after acquiring an additional 4,016 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

Kimco Realty Corp. (NYSE: KIM) 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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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

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