Brokerages Set Kimco Realty Corp (NYSE:KIM) Target Price at $24.84

Kimco Realty Corp (NYSE:KIM) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.97.

Several brokerages have weighed in on KIM. Evercore ISI dropped their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho boosted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird raised their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Kimco Realty

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 482 shares during the period. Coldstream Capital Management Inc. grew its position in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. CWM LLC increased its stake in Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 595 shares during the period. Savant Capital LLC lifted its position in Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 611 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 1.1 %

KIM stock opened at $22.66 on Tuesday. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15.27 billion, a P/E ratio of 41.19, a PEG ratio of 2.87 and a beta of 1.51. The firm has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $23.30.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period in the prior year, the company posted $0.40 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.