Kimco Realty (NYSE:KIM) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH has initiated coverage on Kimco Realty, assigning a "buy" rating and a price target of $27.00, suggesting a potential upside of 19.87% from its previous close.
• Kimco Realty reported $0.44 EPS for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 5%.
• Currently, Kimco Realty has an average rating of "Moderate Buy" from analysts, with a consensus price target of $24.90.

Analysts at LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty (NYSE:KIM - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $27.00 price target on the real estate investment trust's stock. LADENBURG THALM/SH SH's target price indicates a potential upside of 20.51% from the company's current price.

Several other research firms also recently commented on KIM. Mizuho increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Piper Sandler reduced their price objective 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. Evercore ISI raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research report on Monday. Barclays lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.85.

Kimco Realty Stock Performance

KIM stock traded down $0.06 during midday trading on Tuesday, hitting $22.41. 3,489,630 shares of the company traded hands, compared to its average volume of 4,706,959. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The business has a 50 day simple moving average of $21.74 and a 200-day simple moving average of $21.16. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $524.75 million. During the same period last year, the business earned $0.41 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities research analysts predict that Kimco Realty will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KIM. Norges Bank acquired a new stake in shares of Kimco Realty in the 2nd quarter worth $175,963,000. Amundi increased its stake in Kimco Realty by 54.2% during the 1st quarter. Amundi now owns 9,252,421 shares of the real estate investment trust's stock worth $186,646,000 after buying an additional 3,253,031 shares in the last quarter. Invesco Ltd. grew its position in shares of Kimco Realty by 14.7% in the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock valued at $423,441,000 after purchasing an additional 2,552,276 shares in the last quarter. Resolution Capital Ltd grew its position in 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 worth $388,442,000 after acquiring an additional 1,992,550 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Kimco Realty in the second quarter valued at $33,075,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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.