Media headlines about Kimco Realty Corporation (NYSE:KIM) have trended positive recently, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kimco Realty Corporation earned a daily sentiment score of 0.30 on Alpha One’s scale. Alpha One also gave media stories about the real estate investment trust an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected AlphaOne Sentiment’s scoring:
- Kimco Realty Corporation (KIM) Stock Rating Upgraded by Goldman Sachs Group, Inc. (The) (americanbankingnews.com)
- Meadow Creek Investment Management LLC Reduces Position in Kimco Realty Corporation (KIM) (eleganthomesinla.com)
- Kimco Realty Corporation (KIM) Position Increased by Arizona State Retirement System (healthcaremenu.net)
- Kimco Realty Corporation To Present at Jefferies Global Consumer Conference – Business Wire (press release) (businesswire.com)
- Kimco Realty Releases 2016 Corporate Responsibility Report – Business Wire (press release) (businesswire.com)
Kimco Realty Corporation (NYSE:KIM) traded down 1.23% on Tuesday, reaching $17.65. 3,816,779 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $18.73 and a 200-day moving average of $22.59. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 27.93 and a beta of 0.68. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $32.24.
Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $291.46 million. Kimco Realty Corporation had a net margin of 27.02% and a return on equity of 5.78%. Kimco Realty Corporation’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities analysts expect that Kimco Realty Corporation will post $0.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, July 6th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Monday, July 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 168.75%.
Several research analysts recently issued reports on KIM shares. BidaskClub raised shares of Kimco Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Robert W. Baird upgraded shares of Kimco Realty Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $29.00 to $25.00 in a research report on Monday, March 13th. ValuEngine lowered shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price target on the stock in a report on Tuesday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $34.00 target price on shares of Kimco Realty Corporation in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.20.
In other news, Director Philip E. Coviello, Jr. bought 7,500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $19.44 per share, with a total value of $145,800.00. Following the completion of the transaction, the director now directly owns 41,045 shares of the company’s stock, valued at $797,914.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip E. Coviello, Jr. bought 20,000 shares of the stock in a transaction dated Monday, June 5th. The shares were purchased at an average cost of $17.37 per share, for a total transaction of $347,400.00. Following the completion of the transaction, the director now directly owns 41,045 shares of the company’s stock, valued at $712,951.65. The disclosure for this purchase can be found here. 2.90% of the stock is owned by insiders.
Kimco Realty Corporation Company Profile
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 December 31, 2016, the Company had interests in 525 shopping center properties, aggregating 85.4 million square feet of gross leasable area (GLA), located in 34 states, Puerto Rico and Canada.
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