Is it time to Buy before this week’s earning report Kimco Realty (NYSE:KIM)

Earnings results for Kimco Realty (NYSE:KIM)

Kimco Realty Corporation is expected* to report earnings on 02/11/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.3. The reported EPS for the same quarter last year was $0.37.

Kimco Realty last posted its earnings results on November 5th, 2020. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.36. The firm had revenue of $256.61 million for the quarter, compared to analysts’ expectations of $246.87 million. Its quarterly revenue was down 8.1% compared to the same quarter last year. Kimco Realty has generated $1.47 earnings per share over the last year and currently has a price-to-earnings ratio of 8.7. Kimco Realty has confirmed that its next quarterly earnings report will be published on Thursday, February 11th, 2021.

Analyst Opinion on Kimco Realty (NYSE:KIM)

16 Wall Street analysts have issued ratings and price targets for Kimco Realty in the last 12 months. Their average twelve-month price target is $14.80, predicting that the stock has a possible downside of 16.05%. The high price target for KIM is $17.00 and the low price target for KIM is $12.00. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Kimco Realty has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 10 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $14.80, Kimco Realty has a forecasted downside of 16.1% from its current price of $17.63. Kimco Realty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Kimco Realty (NYSE:KIM)

Kimco Realty pays a meaningful dividend of 3.72%, higher than the bottom 25% of all stocks that pay dividends. Kimco Realty does not have a long track record of dividend growth. The dividend payout ratio of Kimco Realty is 43.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kimco Realty will have a dividend payout ratio of 50.79% next year. This indicates that Kimco Realty will be able to sustain or increase its dividend.

Insiders buying/selling: Kimco Realty (NYSE:KIM)

In the past three months, Kimco Realty insiders have not sold or bought any company stock. Only 2.70% of the stock of Kimco Realty is held by insiders. 83.04% of the stock of Kimco Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Kimco Realty (NYSE:KIM

Earnings for Kimco Realty are expected to grow by 8.62% in the coming year, from $1.16 to $1.26 per share. The P/E ratio of Kimco Realty is 8.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.86. The P/E ratio of Kimco Realty is 8.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.95. Kimco Realty has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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