Kimco Realty Corporation (NYSE:KIM) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, KIM to report 3Q20 income of $ 0.06 per share.
For the full year, analysts anticipate top line of $ 1043.07 million, while looking forward to income of $ 2.08 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.46 ~ $ 1.50 per share
Click Here For More Historical Outlooks Of Kimco Realty Corporation
Previous Quarter Performance
Kimco Realty Corporation revealed income for the second quarter of $ 0.24 per share, from the revenue of $ 238.92 million. The quarterly earnings gained 20.00 percent while revenues declined 14.89 percent compared with the same quarter last year.
According to street consensus, KIM was expected to report 2Q20 income of $ 0.07 per share from revenue of $ 249.00 million. The bottom line results beat street analysts by $ 0.17 or 242.86 percent, at the same time, top line results fell short of analysts by $ 10.08 million or 4.05 percent.
Stock Performance
Shares of Kimco Realty Corporation traded low $ -0.29 or -2.63 percent on Wednesday, reaching $ 10.73 with volume of 4.29 million shares. Kimco Realty Corporation has traded high as $ 10.97 and has cracked $ 10.51 on the downward trend
The closing price of $ 10.73, representing a 47.92 % increase from the 52 week low of $ 7.45 and a 49.59 % decrease over the 52 week high of $ 21.86.
The company has a market capital of $ 4.64 billion and is part of the Real Estate sector and REIT – Retail industry.
Recent Analyst recommendations
- On 19th October 2020, upgraded by Evercore ISI to In-Line from Underperform rating
- On 14th September 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating, with $ 14.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 3Q20 dividend of $ 0.10 per share on September 1, 2020. The dividend were payable on September 24, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
Conference Call
Kimco Realty Corporation will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kimcorealty.com
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North Americas largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2019, the company owned interests in 428 U.S.
