Kimco Realty (NYSE:KIM) Price Target Lowered to $26.00 at Raymond James

Kimco Realty (NYSE:KIM - Get Free Report) had its price objective dropped by Raymond James from $28.00 to $26.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the real estate investment trust's stock. Raymond James' target price suggests a potential upside of 24.88% from the company's current price.

Several other equities research analysts have also issued reports on the stock. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Price Performance

NYSE:KIM traded up $0.14 during mid-day trading on Monday, reaching $20.82. The stock had a trading volume of 3,218,402 shares, compared to its average volume of 4,434,609. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $25.83. The stock has a market capitalization of $14.15 billion, a PE ratio of 37.18, a P/E/G ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $22.43.

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 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The company 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 3.82% and a net margin of 20.17%. Kimco Realty's revenue was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current year.

Institutional Trading of Kimco Realty

A number of institutional investors have recently bought and sold shares of KIM. Norges Bank acquired a new stake in Kimco Realty during the fourth quarter worth approximately $363,436,000. Northern Trust Corp grew its position in shares of Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after buying an additional 3,658,528 shares during the period. Federated Hermes Inc. increased its stake in shares of Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock valued at $170,535,000 after acquiring an additional 3,457,435 shares in the last quarter. Invesco Ltd. lifted its position in shares of Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after acquiring an additional 2,692,258 shares during the period. Finally, Amundi boosted its stake in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

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.