Kimco Realty (NYSE:KIM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.52.

Kimco Realty (KIM) opened at $14.65 on Thursday. The firm has a market capitalization of $6,103.87, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a fifty-two week low of $13.70 and a fifty-two week high of $24.75.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $297.92 million. Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. equities research analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be issued a $0.28 dividend. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 7.65%. Kimco Realty’s dividend payout ratio is presently 130.23%.

Several equities analysts have weighed in on KIM shares. Barclays dropped their price objective on 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 Kimco Realty in a report on Thursday, November 30th. They issued a hold rating and a $19.50 price objective for the company. Robert W. Baird cut Kimco Realty from an outperform rating to a neutral rating and lowered their price target for the stock from $23.00 to $20.00 in a report on Monday, November 27th. Mizuho set a $20.00 price target on Kimco Realty and gave the stock a hold rating in a report on Monday, December 18th. Finally, Boenning Scattergood reissued a hold rating on shares of Kimco Realty in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Kimco Realty currently has a consensus rating of Hold and a consensus price target of $21.34.

In other Kimco Realty news, insider Milton Cooper purchased 50,000 shares of the stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

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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.

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

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