|Bid||0.00 x 1800|
|Ask||18.89 x 900|
|Day's Range||18.16 - 19.02|
|52 Week Range||7.45 - 19.44|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||8.33|
|Earnings Date||May 06, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.71 (3.79%)|
|Ex-Dividend Date||Mar 09, 2021|
|1y Target Est||18.07|
Shares of Kimco Realty closed 3% higher on Monday after the real estate investment trust (REIT) announced a 6.3% hike in its quarterly dividend to $0.17 per share. Kimco Realty (KIM) said that the new quarterly dividend will be paid on March 24 to shareholders of record as of March 10. Its annual dividend of $0.68 per share now reflects a dividend yield of 3.7%. On Feb. 11, the company reported better-than-expected 4Q results. Revenues declined 9% year-over-year to $269.4 million but beat the Street’s estimates of $262.9 million. Kimco’s 4Q earnings of $0.45 per share spiked 104.5% year-over-year and topped the consensus forecasts of $0.10 per share. Funds from operations (FFO) of $0.31 per share beat the Street’s estimates by a penny and declined 13.9% year-over-year. (See Kimco Realty stock analysis on TipRanks) Following the earnings, Mizuho Securities analyst Haendel St. Juste raised the stock’s price target to $20 (10% upside potential) from $17 and maintained a Buy rating on Feb. 12. In a note to investors, St. Juste said that the company reported "modest" upside in 4Q. He added that the fiscal 2021 guidance is "better-than-feared though wider-than-expected," and reflects uncertainty around vaccine distribution and "return to normal" timing. The Street has a bullish outlook on the stock, with a Strong Buy consensus rating based on 6 Buys and 2 Holds. The average analyst price target of $17.27 implies downside potential of about 5% from current levels. Furthermore, KIM scores a “Perfect 10” from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News:Humana Ramps Up Dividend By 12%; Street Sees 26% UpsideMatador Resources Initiates Quarterly Dividend; Shares Climb 3.5%Foot Locker Boosts 2021 Capital Allocation, Hikes Dividend By 33% More recent articles from Smarter Analyst: Allstate Ramps Up Quarterly Dividend By 50%; Street Sees 20% Upside CVR Energy Tanks 9% On Quarterly Loss; Street Says Hold Cooper Tire Pops 28% On $2.8B Takeover Deal By Goodyear Camping World Inks Deal To Buy Lee’s Family Trailer; Street Sees 23% Upside
Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that its Board of Directors declared a quarterly cash dividend of $0.17 per common share, payable on March 24, 2021 to shareholders of record on March 10, 2021.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. A key REIT metric is funds from operations (FFO), a measure of earnings particular to the industry.