Kimco Realty (NYSE:KIM) Price Target Lowered to $23.00 at Evercore ISI

Kimco Realty (NYSE:KIM) had its price target cut by investment analysts at Evercore ISI from $24.00 to $23.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would suggest a potential downside of 2.62% from the stock’s current price.

Several other brokerages also recently weighed in on KIM. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Friday, December 20th. The Goldman Sachs Group boosted their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Compass Point upped their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Mizuho lifted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.83.

Kimco Realty Trading Up 0.8 %

Kimco Realty stock opened at $23.62 on Tuesday. The stock has a 50-day moving average price of $24.56 and a 200 day moving average price of $22.68. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 3.20 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 quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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). The business had revenue of $507.63 million for 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 business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that Kimco Realty will post 1.64 EPS for the current year.

Institutional Trading of Kimco Realty

Several large investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in Kimco Realty during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty during the third quarter worth about $37,000. Quarry LP purchased a new stake in Kimco Realty during the 3rd quarter valued at about $51,000. Finally, UMB Bank n.a. raised its holdings in Kimco Realty by 112.6% in the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,787 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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.