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

Kimco Realty (NYSE:KIM - Get Free Report) had its price objective reduced by research analysts at Raymond James from $28.00 to $26.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the real estate investment trust's stock. Raymond James' target price points to a potential upside of 24.92% from the company's current price.

A number of other equities analysts have also commented on KIM. Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Scotiabank dropped their price objective on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Mizuho decreased their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.75.

Kimco Realty Price Performance

Shares of KIM traded down $0.31 during trading hours on Monday, reaching $20.81. 101,584 shares of the company traded hands, compared to its average volume of 4,417,798. The stock has a fifty day simple moving average of $20.67 and a 200 day simple moving average of $22.53. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.14 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company's quarterly revenue was up 965.3% compared to the same quarter last year. As a group, research analysts predict that Kimco Realty will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KIM. Barclays PLC increased its holdings in shares of Kimco Realty by 14.3% during the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock worth $42,915,000 after purchasing an additional 231,606 shares during the period. World Investment Advisors LLC acquired a new stake in Kimco Realty during the third quarter worth $269,000. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty in the 3rd quarter valued at $31,000. Tidal Investments LLC lifted its holdings in shares of Kimco Realty by 17.9% during the 3rd quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust's stock worth $836,000 after acquiring an additional 5,466 shares during the period. Finally, Nordea Investment Management AB increased its stake in Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after acquiring an additional 3,614 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.

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