News headlines about Kimco Realty (NYSE:KIM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kimco Realty earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.9600226694657 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Broward Commission to consider six major developments, including Walmart replacing a Kmart – South Florida Business Journal (bizjournals.com)
- Glowing Stock’s Review – Kimco Realty Corporation (NYSE: KIM) – Alpha Beta Stock (alphabetastock.com)
- Kimco Realty invites you to join its First Quarter Earnings Conference Call (markets.financialcontent.com)
- Santee movie theater deal falls through, but runner-up steps up (sandiegouniontribune.com)
- Aggressive Dispositions to Hurt Kimco (KIM): Time to Sell? (finance.yahoo.com)
Shares of Kimco Realty (NYSE KIM) traded up $0.01 during mid-day trading on Wednesday, hitting $14.69. 1,628,267 shares of the stock were exchanged, compared to its average volume of 5,906,491. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $6,250.00, a PE ratio of 22.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.50. Kimco Realty has a 12 month low of $13.70 and a 12 month high of $23.03.
Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.21). Kimco Realty had a net margin of 35.48% and a return on equity of 7.85%. The firm had revenue of $310.63 million during the quarter, compared to the consensus estimate of $297.92 million. During the same period in the previous year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Kimco Realty will post 1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Monday, April 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 7.62%. Kimco Realty’s dividend payout ratio (DPR) is currently 172.31%.
Kimco Realty declared that its Board of Directors has initiated a share buyback program on Thursday, February 15th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
A number of analysts have commented on KIM shares. BMO Capital Markets set a $19.00 target price on shares of Kimco Realty and gave the stock a “hold” rating in a report on Thursday, February 15th. Barclays lowered their target price on shares of Kimco Realty from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Stifel Nicolaus started coverage on shares of Kimco Realty in a report on Thursday, November 30th. They set a “hold” rating and a $19.50 target price for the company. Evercore ISI lowered shares of Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, March 5th. Finally, Robert W. Baird lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $20.00 in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.48.
In other Kimco Realty news, Director Frank Lourenso sold 3,380 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $15.29, for a total transaction of $51,680.20. Following the transaction, the director now owns 182,481 shares in the company, valued at approximately $2,790,134.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.
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.
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