Somewhat Favorable News Coverage Somewhat Unlikely to Impact Kimco Realty (KIM) Stock Price
News articles about Kimco Realty (NYSE:KIM) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kimco Realty earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.3821691292165 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Greater Baltimore real estate projects to watch in 2018 (bizjournals.com)
- Experts believe mixed use development is way forward for retail sector (rew-online.com)
- Regency (REG) Buys Whole Food-Anchored Roosevelt Square (finance.yahoo.com)
- Kimco Realty Corporation, (NYSE: KIM) – Volatility Factor to Consider – Stock Watch (stocksnewstimes.com)
- Kimco Realty Corp. : KIM-US: Dividend Analysis : January 02nd, 2018 (record date) : By the numbers : January 2, 2018 (finance.yahoo.com)
Shares of Kimco Realty (NYSE:KIM) traded up $0.02 on Friday, reaching $17.70. The company’s stock had a trading volume of 2,725,777 shares, compared to its average volume of 4,851,525. The company has a market cap of $7,661.76, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. Kimco Realty has a 52-week low of $17.02 and a 52-week high of $26.16.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.33%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio (DPR) is presently 130.23%.
KIM has been the topic of a number of research analyst reports. BMO Capital Markets set a $21.00 price target on Kimco Realty and gave the stock a “hold” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Friday, December 15th. Robert W. Baird restated a “buy” rating and set a $23.00 price target on shares of Kimco Realty in a research report on Friday, November 10th. Stifel Nicolaus initiated coverage on Kimco Realty in a research report on Thursday, November 30th. They set a “hold” rating and a $19.50 price target on the stock. Finally, Mizuho restated a “hold” rating and set a $19.00 price target on shares of Kimco Realty in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Kimco Realty currently has an average rating of “Hold” and an average target price of $22.75.
In other news, insider Milton Cooper acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.
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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