Kimco Realty (NYSE:KIM) Price Target Raised to $26.00

Kimco Realty (NYSE:KIM) had its target price increased by investment analysts at Robert W. Baird from $23.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective indicates a potential upside of 3.75% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Friday, August 16th. Truist Financial upped their price target on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Mizuho downgraded shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $23.00 in a report on Monday, August 19th. Evercore ISI increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, UBS Group lifted their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $24.14.

Kimco Realty Price Performance

Shares of KIM opened at $25.06 on Tuesday. The stock has a market cap of $16.89 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 3.29 and a beta of 1.50. Kimco Realty has a 1 year low of $17.51 and a 1 year high of $25.09. The stock’s 50-day moving average price is $23.61 and its two-hundred day moving average price is $21.35. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Hedge Funds Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently modified their holdings of KIM. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Kimco Realty in the 3rd quarter valued at about $1,303,000. Quest Partners LLC increased its stake in shares of Kimco Realty by 415,100.0% during the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 4,151 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Kimco Realty by 2.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust’s stock worth $6,005,000 after purchasing an additional 5,624 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Kimco Realty by 9.0% in the 3rd quarter. CIBC Asset Management Inc now owns 98,636 shares of the real estate investment trust’s stock valued at $2,290,000 after purchasing an additional 8,170 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Kimco Realty by 4.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,969 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 1,008 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.