Kimco Realty (NYSE:KIM) Raised to Hold at Wall Street Zen

Key Points

• Kimco Realty's rating was upgraded from "sell" to "hold" by Wall Street Zen, reflecting a change in analyst sentiment towards the stock.
• Recent earnings data showed Kimco Realty reported an EPS of $0.44, surpassing analysts' estimates, and generating a 5% year-over-year revenue increase.
• The company has seen significant institutional interest, with 89.25% of its stock owned by institutional investors and hedge funds.

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

Several other equities research analysts have also recently issued reports on the stock. Scotiabank decreased their price objective 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 Financial dropped their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Piper Sandler dropped their price target on shares of 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, Barclays initiated coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price on the stock. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.57.

Kimco Realty Trading Up 0.5%

Shares of NYSE KIM traded up $0.11 during midday trading on Friday, reaching $21.40. 1,234,462 shares of the stock were exchanged, compared to its average volume of 4,871,341. The company has a 50 day simple moving average of $21.27 and a 200 day simple moving average of $21.21. The stock has a market capitalization of $14.49 billion, a P/E ratio of 25.78, a PEG ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.47 and a current ratio of 3.92. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results 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. The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 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 hedge funds have recently made changes to their positions in KIM. LPL Financial LLC grew its holdings in Kimco Realty by 23.6% during the 4th quarter. LPL Financial LLC now owns 132,205 shares of the real estate investment trust's stock valued at $3,098,000 after purchasing an additional 25,254 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Kimco Realty by 14.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 75,282 shares of the real estate investment trust's stock worth $1,764,000 after acquiring an additional 9,689 shares in the last quarter. National Bank of Canada FI grew its holdings in Kimco Realty by 12.8% during the 4th quarter. National Bank of Canada FI now owns 327,646 shares of the real estate investment trust's stock worth $7,677,000 after acquiring an additional 37,301 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after acquiring an additional 377,074 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Kimco Realty during the 4th quarter worth $45,000. Hedge funds and other institutional investors 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.