Kimco Realty (NYSE:KIM) has been assigned a $20.00 target price by research analysts at Mizuho in a report released on Monday, December 18th. The firm presently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s price target indicates a potential upside of 17.58% from the company’s previous close.
Several other research firms also recently commented on KIM. BMO Capital Markets assumed coverage on shares of Kimco Realty in a research note on Monday, September 11th. They issued a “market perform” rating and a $21.00 price target for the company. Argus downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price objective on shares of Kimco Realty in a research report on Friday, November 10th. Finally, Stifel Nicolaus assumed coverage on shares of Kimco Realty in a research report on Thursday, November 30th. They set a “hold” rating and a $19.50 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.22.
Kimco Realty (KIM) traded down $0.12 during trading on Monday, reaching $17.01. 2,620,721 shares of the company traded hands, compared to its average volume of 4,279,167. Kimco Realty has a 12-month low of $16.93 and a 12-month high of $25.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $7,290.00, a P/E ratio of 25.01, a PEG ratio of 2.15 and a beta of 0.66.
Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a return on equity of 4.68% and a net margin of 17.85%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. research analysts predict that Kimco Realty will post 1.55 earnings per share for the current year.
In related news, insider Milton Cooper purchased 50,000 shares of Kimco Realty stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $19.20 per share, with a total value of $960,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Penserra Capital Management LLC acquired a new position in Kimco Realty in the third quarter valued at $105,000. Pacer Advisors Inc. increased its stake in Kimco Realty by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 790 shares during the period. Eqis Capital Management Inc. acquired a new position in Kimco Realty in the third quarter valued at $201,000. Stoneridge Investment Partners LLC acquired a new position in Kimco Realty in the third quarter valued at $203,000. Finally, Carnegie Capital Asset Management LLC acquired a new position in Kimco Realty in the second quarter valued at $204,000. Institutional investors own 91.58% of the company’s stock.
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About Kimco Realty
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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