Kimco Realty (NYSE:KIM - Get Free Report) had its price objective cut by research analysts at Wells Fargo & Company from $24.00 to $23.00 in a report released on Wednesday, Marketbeat reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would suggest a potential upside of 9.86% from the company's current price.
KIM has been the topic of several other research reports. Scotiabank dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Ten 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.
View Our Latest Research Report on KIM
Kimco Realty Price Performance
Shares of Kimco Realty stock traded down $0.08 on Wednesday, hitting $20.94. The company had a trading volume of 2,520,349 shares, compared to its average volume of 4,252,877. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a market cap of $14.23 billion, a PE ratio of 37.38, a PEG ratio of 2.78 and a beta of 1.53. The business has a 50-day simple moving average of $21.76 and a 200-day simple moving average of $23.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Research analysts expect that Kimco Realty will post 1.71 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in KIM. State Street Corp grew its position in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after buying an additional 882,047 shares in the last quarter. FMR LLC lifted its position in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after acquiring an additional 1,755,684 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after purchasing an additional 377,074 shares in the last quarter. Invesco Ltd. increased its position in shares of Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after purchasing an additional 2,692,258 shares during the period. Finally, Resolution Capital Ltd raised its stake in shares of Kimco Realty by 13.7% in the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock valued at $388,442,000 after purchasing an additional 1,992,550 shares in the last quarter. Institutional investors own 89.25% of the company's stock.
About Kimco Realty
(
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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.
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