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

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 note issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial decreased their price objective 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. Scotiabank reduced their price target on 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. Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Piper Sandler cut their price objective 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. Finally, Wells Fargo & Company reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $24.70.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.62 on Friday. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock's 50-day moving average is $20.97 and its two-hundred day moving average is $21.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. The firm has a market cap of $14.63 billion, a P/E ratio of 28.08, a PEG ratio of 1.50 and a beta of 1.24.

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

Institutional Investors Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Compound Planning Inc. increased its position in shares of Kimco Realty by 3.4% during the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock worth $313,000 after purchasing an additional 485 shares in the last quarter. Keybank National Association OH boosted its position in Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 496 shares in the last quarter. GF Fund Management CO. LTD. grew its stake in Kimco Realty by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after buying an additional 517 shares during the last quarter. Global Assets Advisory LLC grew its stake in Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after buying an additional 528 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after buying an additional 530 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

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.

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