Kimco Realty (NYSE:KIM) Cut to "Neutral" at JPMorgan Chase & Co.

Kimco Realty (NYSE:KIM - Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Friday, Marketbeat reports. They presently have a $26.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 11.02% from the stock's previous close.

A number of other research firms have also commented on KIM. Truist Financial lifted their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Evercore ISI upped their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Argus upgraded shares of Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Mizuho boosted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.

Kimco Realty Trading Up 1.8 %

Shares of KIM stock traded up $0.41 on Friday, reaching $23.42. The company had a trading volume of 9,672,418 shares, compared to its average volume of 4,532,981. The stock has a market cap of $15.79 billion, a PE ratio of 42.58, a PEG ratio of 3.20 and a beta of 1.50. The company has a 50-day moving average of $24.56 and a 200-day moving average of $22.54. 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 has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 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 during the quarter, compared to the consensus estimate of $502.78 million. During the same period in the previous year, the company posted $0.40 EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Kimco Realty will post 1.64 earnings per share for the current year.

Hedge Funds Weigh In On Kimco Realty

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after purchasing an additional 882,047 shares during the last quarter. FMR LLC raised its stake in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares during the period. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after buying an additional 53,378 shares during the last quarter. APG Asset Management US Inc. boosted its stake in shares of Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock worth $288,155,000 after acquiring an additional 240,000 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Kimco Realty by 11.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock worth $221,740,000 after acquiring an additional 1,193,600 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Company Profile

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.