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

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

Other equities analysts also recently issued research reports about the company. Citigroup dropped their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Piper Sandler decreased their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Raymond James decreased their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.68.

Kimco Realty Price Performance

NYSE KIM traded up $0.35 during mid-day trading on Friday, hitting $21.33. The stock had a trading volume of 6,414,928 shares, compared to its average volume of 4,500,108. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 38.09, a P/E/G 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 $22.13. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million during 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%. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities analysts forecast that Kimco Realty will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC raised its position in Kimco Realty by 40.9% in the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares during the period. Asset Management One Co. Ltd. raised its position in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares during the period. B&I Capital AG raised its position in Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after purchasing an additional 62,100 shares during the period. Woodline Partners LP purchased a new position in Kimco Realty in the fourth quarter valued at about $9,057,000. Finally, Generali Asset Management SPA SGR purchased a new position in Kimco Realty in the fourth quarter valued at about $610,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.