Kimco Realty (NYSE:KIM) Downgraded by Wall Street Zen to Sell

Kimco Realty (NYSE:KIM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

A number of other equities research analysts have also recently weighed in on the stock. Scotiabank dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Raymond James dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.68.

Kimco Realty Trading Down 0.7%

Shares of NYSE KIM traded down $0.13 during midday trading on Friday, reaching $20.48. 2,903,930 shares of the stock were exchanged, compared to its average volume of 4,491,126. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83. The stock has a market capitalization of $13.85 billion, a P/E ratio of 36.56, a PEG ratio of 2.78 and a beta of 1.26. The company has a 50 day simple moving average of $20.60 and a 200 day simple moving average of $22.20. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company's revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities analysts expect that Kimco Realty will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently modified their holdings of KIM. FMR LLC increased its holdings in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock valued at $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Invesco Ltd. grew its stake in Kimco Realty by 14.7% during the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock worth $423,441,000 after buying an additional 2,552,276 shares during the last quarter. Geode Capital Management LLC increased its position in Kimco Realty by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after buying an additional 377,074 shares during the period. Resolution Capital Ltd lifted its stake 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 valued at $388,442,000 after buying an additional 1,992,550 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Kimco Realty during the fourth quarter worth approximately $363,436,000. 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.