In a report made public on Tuesday, December 27, research analysts at Capital One Financial lowered their projections for the earnings per share that Kimco Realty Corporation (NYSE: KIM) would generate in the coming year. According to projections by C. Lucas, an analyst working for Capital One Financial, the real estate investment trust will earn $0.39 per share in the third quarter. This figure represents a decrease from the prior estimate of $0.40 per share. In addition, it has been determined that the current consensus projection for Kimco Realty’s full-year earnings calls for $1.58 per share, which is the same as what was previously anticipated.
On Thursday, a share of KIM stock began trading for $20.88 per share. The price of the stock’s moving average over the last 50 days is $21.56; over the last 200 days, it has been trading at $20.91. The company’s price-to-earnings ratio is currently sitting at 56.43, and its market capitalization is currently at $12.91 billion. It has a beta value of 1.41, its price-to-earnings-growth ratio and its price-to-earnings-growth ratio are 1.42, and its price-to-earnings-growth ratio is 1.72. In the past 52 weeks, shares of Kimco Realty have been traded at prices as low as $17.71 and as high as $26.57, with the current value falling somewhere in the middle of those two extremes.
There have been recent research publications on the company from several additional equity analysts. The most recent events are the primary focus of these analyses. First, the rating for Kimco Realty was improved by TheStreet by two notches, going from “c+” to “b-” on November 29, moving the rating up the scale. Second, Piper Sandler lowered its price objective for Kimco Realty in a research report published on Friday, October 7. The report was distributed to clients. The new price objective is $23.00, which is a decrease from the previous price objective of $25.00, and the company is still considered “overweight” by the firm. Finally, the price target for Kimco Realty was reduced from $25.00 to $22.00 in a research note that Mizuho distributed on November 11. The note was about the company’s stock.
Additionally, the company suggested “buying” the stock of the company. Finally, the price objective that Citigroup has placed on Kimco Realty has increased from $23.00 to $26.00 due to a research report published on Wednesday, December 14. In a report published on Friday, October 7, Deutsche Bank Aktiengesellschaft gave Kimco Realty a recommendation of “hold.” Despite this, Deutsche Bank Aktiengesellschaft decreased its price objective for the company from $23.00 to $21.00. One of the equity research analysts suggested that investors should sell the stock, while another three believed that investors should continue to hold onto it. Seven of them believe that investors should buy it. The information that Bloomberg.com provided indicates that the company is currently rated as a “Moderate Buy,” and the price objective that the consensus has determined is set at $23.69.
In addition, the company announced a quarterly dividend, which was subsequently paid out on the following business day, December 23. On December 9, dividend payments were made to shareholders recorded as having shares as of that day. The amount of each dividend payment was $0.23 per share. This results in a dividend yield of 4.41% and a dividend payment of $0.92 per year due to what has transpired here. As of December 8, it was considered that this dividend had been paid out in its entirety. The previously declared dividend by Kimco Realty, which was $0.22 and distributed every quarter, has been increased. Kimco Realty has a dividend payout ratio of 248.65 percent of total revenue.
On top of that, an insider of the company named Realty Corp., Kimco, sold 11,500,000 shares of the company’s stock on Friday, October 14. The sale of $301,070,000.00 worth of stock at an average price of $26.18 per share resulted in a total of $301,070,000.00 in revenue. Following the completion of the transaction, the company insider will be the owner of a total of 28,338.105 shares, which currently have a value of $741,891,588.90. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website. 2.10 company insiders own a percent of the total shares currently outstanding.
Large investors have been buying and selling KIM stock on multiple occasions as of late, indicating that recent trading activity is relatively active. The value of Invesco Ltd.’s holdings in Kimco Realty increased by 189.4% during the first three months of 2018. After making an additional 11,141,918 share purchase during the most recent quarter, Invesco Ltd. now owns a total of 17,024,584 shares of the real estate investment trust, which are currently valued at a total of $420,508,000. The State Street Corporation increased its ownership of Kimco Realty by 19.2% during the first three months of 2018. State Street Corp. now owns 44,220,642 shares of the real estate investment trust’s stock after purchasing an additional 7,126,475 shares during the most recent quarter. The shares have a value of $1,092,250,000. This brings the total shares owned by State Street Corp. to 44,220,642. The value of Vanguard Group Inc.’s holdings in Kimco Realty increased by 3.2% over the first three months of 2018. After purchasing 3,081,151 additional real estate investment trust shares during the most recent fiscal quarter, Vanguard Group Inc. now has a total holding of 100,537,581 of these securities in its portfolio. The value of these shares on the market as of right now is $2,483,278,000. A 2.6% increase in BlackRock Inc.’s ownership stake in Kimco Realty was accomplished during the company’s third fiscal quarter. BlackRock Inc. now owns 60,055,372 shares of the real estate investment trust’s stock after purchasing an additional 1,497,877 shares during the most recent quarter. The shares have a value of $1,105,621,000. In the second quarter, Strs Ohio increased the proportion of Kimco Realty that it owned by 194.4 percent, making this the last and most important point. After making an additional purchase of 1,363,023 shares during the most recent quarter, Strs Ohio now has a total of 2,064,212 shares of the real estate investment trust, which have a value of $40,809,000. These shares were acquired due to a transaction that occurred earlier this year. The vast majority, or 92.33%, of the total number of shares issued by the company, are owned by institutional investors and hedge funds.
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