Kimco Realty Corporation (HC) with ticker code (KIM) have now 18 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 26 and 20 and has a mean target at $22.93. Now with the previous closing price of $18.53 and the analysts are correct then there would likely be a percentage uptick in value of 23.7%. The 50 day MA is $19.13 and the 200 moving average now moves to $20.74. The market capitalization for the company is $11,437m. Visit the company website at: https://www.kimcorealty.com
The potential market cap would be $14,153m 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 4.96% with the ex dividend date set at 7-6-2023 (DMY).
Other points of data to note are a P/E ratio of 73.8, revenue per share of 2.83 and a 1.98% return on assets.
