Kimco Realty Corporation (HC) with ticker code (KIM) now have 19 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 26 and 20 suggesting an average Analsyt target price of $23.28. Now with the previous closing price of $19.20 this now indicates there is a potential upside of 21.3%. The day 50 moving average is $19.66 while the 200 day moving average is $20.80. The market cap for the company is $11,793m. Find out more information at: https://www.kimcorealty.com
The potential market cap would be $14,300m based on the market consensus.
Kimco Realty (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, and a growing portfolio of mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of December 31, 2022, the company owned interests in 532 U.S. shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space.
The company has a dividend yield of 4.82% with the ex dividend date set at 8-3-2023 (DMY).
Other points of data to note are a P/E ratio of 118.91, revenue per share of 2.81 and a 1.97% return on assets.
