Kimco Realty (NYSE:KIM) Price Target Raised to $26.00 at Robert W. Baird

Kimco Realty (NYSE:KIM - Get Free Report) had its price objective lifted by stock analysts at Robert W. Baird from $23.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price objective indicates a potential upside of 5.09% from the stock's current price.

Several other analysts have also recently issued reports on KIM. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. UBS Group lifted their price target on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday. Mizuho downgraded Kimco Realty from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Truist Financial increased their target price on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Finally, Piper Sandler restated an "overweight" rating and set a $29.00 target price (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.14.

Kimco Realty Price Performance

Shares of KIM stock traded down $0.32 during mid-day trading on Tuesday, hitting $24.74. The company had a trading volume of 2,274,048 shares, compared to its average volume of 4,577,001. The company has a market capitalization of $16.68 billion, a P/E ratio of 45.56, a P/E/G ratio of 3.29 and a beta of 1.50. The stock's 50 day moving average price is $23.64 and its 200-day moving average price is $21.40. Kimco Realty has a 52-week low of $17.51 and a 52-week high of $25.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its 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 business had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Kimco Realty will post 1.64 earnings per share for the current year.

Hedge Funds Weigh In On Kimco Realty

Hedge funds have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the third quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 1,816 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 773 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 3,144 shares in the last quarter. 89.25% of the stock is 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.