Kimco Realty (NYSE:KIM) Stock Rating Lowered by Jefferies Financial Group

Kimco Realty (NYSE:KIM - Get Free Report) was downgraded by analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued on Thursday, Marketbeat reports. They currently have a $25.00 target price on the real estate investment trust's stock, down from their previous target price of $28.00. Jefferies Financial Group's price target indicates a potential upside of 8.84% from the stock's previous close.

KIM has been the subject of several other reports. Compass Point boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Argus raised shares of Kimco Realty to a "strong-buy" rating in a research report on Friday, September 6th. 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 report on Tuesday, November 12th. Evercore ISI decreased their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Finally, UBS Group raised their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kimco Realty has an average rating of "Hold" and a consensus target price of $24.84.

Kimco Realty Stock Down 2.0 %

Shares of NYSE:KIM traded down $0.46 during midday trading on Thursday, hitting $22.97. 3,418,199 shares of the stock were exchanged, compared to its average volume of 4,484,233. The company has a market capitalization of $15.48 billion, a PE ratio of 41.76, a P/E/G ratio of 3.22 and a beta of 1.50. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The business's fifty day simple moving average is $24.44 and its two-hundred day simple moving average is $22.85.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results 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). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, research analysts predict that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of Kimco Realty

A number of hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after buying an additional 5,598,091 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock valued at $154,583,000 after acquiring an additional 2,400,752 shares in the last quarter. FMR LLC raised its holdings in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Kimco Realty by 11.7% in 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 period. Finally, Sei Investments Co. grew its holdings in shares of Kimco Realty by 71.5% during the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock worth $54,345,000 after purchasing an additional 1,164,029 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

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.