Kimco Realty (NYSE:KIM - Get Free Report) had its price target reduced by investment analysts at Robert W. Baird from $23.00 to $21.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's target price would suggest a potential upside of 12.90% from the company's previous close.
Other equities research analysts also recently issued research reports about the company. Mizuho dropped their price objective on Kimco Realty from $22.00 to $21.00 and set a "buy" rating for the company in a report on Friday, February 23rd. TheStreet raised Kimco Realty from a "c+" rating to a "b-" rating in a research note on Thursday, December 7th. Piper Sandler increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, December 20th. Citigroup restated a "neutral" rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They issued a "hold" rating and a $23.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.81.
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Kimco Realty Trading Down 0.9 %
Shares of Kimco Realty stock traded down $0.16 on Thursday, hitting $18.60. 3,977,178 shares of the company's stock traded hands, compared to its average volume of 5,709,768. The firm's 50-day moving average price is $19.61 and its two-hundred day moving average price is $19.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. The stock has a market capitalization of $12.54 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 3.66 and a beta of 1.45. Kimco Realty has a one year low of $16.34 and a one year high of $22.83.
Insider Buying and Selling
In related news, Director Frank Lourenso sold 8,890 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the transaction, the director now directly owns 203,534 shares of the company's stock, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.
Institutional Trading of Kimco Realty
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Kimco Realty by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 102,336,566 shares of the real estate investment trust's stock valued at $2,180,792,000 after buying an additional 878,667 shares during the last quarter. BlackRock Inc. grew its position in shares of Kimco Realty by 4.1% during the 1st quarter. BlackRock Inc. now owns 63,149,815 shares of the real estate investment trust's stock worth $1,233,316,000 after purchasing an additional 2,463,808 shares in the last quarter. Cohen & Steers Inc. increased its holdings in shares of Kimco Realty by 38.9% during the second quarter. Cohen & Steers Inc. now owns 45,470,768 shares of the real estate investment trust's stock worth $896,676,000 after purchasing an additional 12,742,963 shares during the period. State Street Corp raised its position in shares of Kimco Realty by 19.2% in the first quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust's stock valued at $1,092,250,000 after buying an additional 7,126,475 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Kimco Realty by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust's stock valued at $547,401,000 after buying an additional 5,894,446 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.
About Kimco Realty
(
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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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