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

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

Other equities research analysts also recently issued research reports about the company. Barclays initiated coverage on Kimco Realty in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price for the company. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Raymond James Financial lowered their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. Scotiabank reduced 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. Finally, Piper Sandler decreased their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Hold" and an average target price of $24.70.

Kimco Realty Stock Performance

Kimco Realty stock traded down $0.11 during trading hours on Friday, reaching $21.10. 5,445,838 shares of the stock were exchanged, compared to its average volume of 4,524,362. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a market cap of $14.27 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.47 and a current ratio of 3.47. The firm's 50 day moving average is $21.01 and its 200 day moving average is $21.38.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The firm had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same period in the prior year, the company posted $0.39 earnings per share. The firm's revenue for the quarter was up 965.3% on a year-over-year basis. Analysts predict that Kimco Realty will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIM. Squarepoint Ops LLC raised its position in shares of 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 buying an additional 111,496 shares during the last quarter. Woodline Partners LP purchased a new stake in Kimco Realty in the 4th quarter worth approximately $9,057,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Kimco Realty by 4.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock valued at $2,167,000 after acquiring an additional 4,051 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Kimco Realty during the 4th quarter worth $287,000. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Kimco Realty during the fourth quarter worth $610,000. 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.