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

Kimco Realty (NYSE:KIM - Get Free Report) had its price target increased by Mizuho from $24.00 to $26.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price target indicates a potential upside of 5.05% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the company. Truist Financial upped their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Compass Point lifted their price objective 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. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.70.

Kimco Realty Stock Down 1.2 %

Shares of NYSE KIM traded down $0.29 during mid-day trading on Tuesday, reaching $24.75. 5,385,604 shares of the company's stock were exchanged, compared to its average volume of 4,524,763. The business has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $22.32. 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 firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 3.30 and a beta of 1.50.

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 analysts' consensus estimates 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 net margin of 19.58% and a return on equity of 3.68%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. As a group, equities analysts expect that Kimco Realty will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in KIM. Synovus Financial Corp increased its stake in Kimco Realty by 6.2% during the 3rd quarter. Synovus Financial Corp now owns 42,579 shares of the real estate investment trust's stock worth $989,000 after acquiring an additional 2,476 shares during the period. Tidal Investments LLC increased its position in shares of Kimco Realty by 17.9% in the third quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust's stock worth $836,000 after purchasing an additional 5,466 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty in the third quarter valued at about $31,000. World Investment Advisors LLC bought a new stake in Kimco Realty during the third quarter worth about $269,000. Finally, Sanctuary Advisors LLC grew its stake in Kimco Realty by 145.4% during the third quarter. Sanctuary Advisors LLC now owns 36,604 shares of the real estate investment trust's stock worth $929,000 after buying an additional 21,690 shares in the last quarter. 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.