Kimco Realty (NYSE:KIM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Kimco Realty (KIM) from a "sell" to a "hold" rating in a research note issued Sunday.
• Analyst consensus remains a Moderate Buy with an average price target of $24.73 (1 Strong Buy, 6 Buy, 8 Hold among covering analysts).
• KIM opened at $23.70, trades near its 50-/200-day SMAs of $23.09/$21.61 with a market cap of about $15.98 billion, and has high institutional ownership at 89.25%.

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

A number of other research firms have also weighed in on KIM. Piper Sandler raised their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Tuesday, February 17th. UBS Group lowered their price target on shares of Kimco Realty from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, January 8th. Weiss Ratings lowered shares of Kimco Realty from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. Truist Financial raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "hold" rating in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.73.

Kimco Realty Price Performance

KIM opened at $23.70 on Friday. The company has a fifty day simple moving average of $23.09 and a 200 day simple moving average of $21.61. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.33 and a beta of 1.03. Kimco Realty has a twelve month low of $19.59 and a twelve month high of $24.31. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock valued at $2,351,000 after purchasing an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust's stock valued at $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Kimco Realty in the 1st quarter valued at about $61,000. Quantbot Technologies LP bought a new stake in Kimco Realty in the 2nd quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC lifted its position in Kimco Realty by 30.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 1,170 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation NYSE: KIM is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company's portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco's core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.

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