ValuEngine downgraded shares of Kimco Realty (NYSE:KIM) from a hold rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.
Several other analysts also recently issued reports on the company. Citigroup upped their price objective on Kimco Realty from $18.00 to $18.50 and gave the company a neutral rating in a research report on Tuesday, July 30th. Bank of America upgraded Kimco Realty from a neutral rating to a buy rating and upped their price objective for the company from $19.00 to $21.00 in a research report on Tuesday, June 11th. Raymond James downgraded Kimco Realty from an outperform rating to a market perform rating and set a $18.17 price objective on the stock. in a research report on Tuesday, May 28th. Finally, Zacks Investment Research upgraded Kimco Realty from a sell rating to a buy rating and set a $19.00 price objective on the stock in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $19.17.
Shares of NYSE:KIM traded up $0.06 on Thursday, hitting $19.06. The company had a trading volume of 3,699,215 shares, compared to its average volume of 3,272,110. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.96 and a current ratio of 1.96. Kimco Realty has a 52-week low of $14.29 and a 52-week high of $19.43. The business has a 50 day moving average of $18.58. The firm has a market capitalization of $8.02 billion, a P/E ratio of 13.14, a PEG ratio of 3.21 and a beta of 0.59.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.16). Kimco Realty had a net margin of 34.08% and a return on equity of 7.23%. The company had revenue of $284.87 million during the quarter, compared to analysts’ expectations of $281.96 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Kimco Realty will post 1.47 EPS for the current fiscal year.
In related news, Director Frank Lourenso sold 3,380 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $18.84, for a total transaction of $63,679.20. Following the transaction, the director now directly owns 198,106 shares in the company, valued at $3,732,317.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIM. Norges Bank purchased a new position in Kimco Realty during the fourth quarter worth about $69,738,000. Douglas Lane & Associates LLC lifted its position in Kimco Realty by 226.3% during the second quarter. Douglas Lane & Associates LLC now owns 1,534,791 shares of the real estate investment trust’s stock worth $28,363,000 after buying an additional 1,064,361 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in Kimco Realty during the second quarter worth about $12,799,000. Amundi Pioneer Asset Management Inc. lifted its position in Kimco Realty by 30.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,682,039 shares of the real estate investment trust’s stock worth $49,619,000 after buying an additional 630,652 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Kimco Realty by 216.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 835,653 shares of the real estate investment trust’s stock worth $15,458,000 after buying an additional 571,371 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.
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.
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