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

Key Points

• Evercore ISI has increased its price target for Kimco Realty from $22.00 to $23.00, indicating a potential upside of 1.08% from its previous close.
• Mizuho also raised its target price to $23.00, while other analysts have given various ratings, resulting in a consensus rating of Moderate Buy for the stock.
• Kimco Realty reported an earnings per share (EPS) of $0.44, slightly surpassing the consensus estimate of $0.43, with revenue up by 5% year-over-year.

Kimco Realty (NYSE:KIM - Get Free Report) had its target price raised by research analysts at Evercore ISI from $22.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 1.08% from the stock's previous close.

KIM has been the topic of a number of other research reports. Mizuho upped their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Barclays increased their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.75.

Kimco Realty Trading Down 0.2%

Shares of NYSE KIM opened at $22.76 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The stock has a market capitalization of $15.41 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. Kimco Realty has a 1-year low of $17.93 and a 1-year high of $25.83. The business has a fifty day moving average price of $21.64 and a 200 day moving average price of $21.12.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same period in the prior year, the company posted $0.41 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities research analysts expect that Kimco Realty will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH acquired a new stake in Kimco Realty during the second quarter worth $27,000. AlphaQuest LLC acquired a new stake in Kimco Realty during the first quarter worth $29,000. Golden State Wealth Management LLC increased its stake in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 911 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in Kimco Realty during the first quarter worth $30,000. Finally, WASHINGTON TRUST Co acquired a new stake in shares of Kimco Realty in the first quarter valued at $34,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Company Profile

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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