Weiss Ratings Reaffirms "Hold (C+)" Rating for Kimco Realty (NYSE:KIM)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Kimco Realty (NYSE:KIM), indicating a cautious stance on the stock.
• The average target price for Kimco Realty is set at $24.92, with a current stock price of $21.29 and a market cap of $14.42 billion.
• Kimco Realty's quarterly earnings surpassed expectations, reporting $0.44 earnings per share, representing a year-over-year increase from $0.41 EPS.

Kimco Realty (NYSE:KIM - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective for the company. Piper Sandler lowered their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Mizuho upped their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Barclays upped their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Evercore ISI boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and an average target price of $24.92.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.29 on Wednesday. The stock has a market cap of $14.42 billion, a PE ratio of 25.65, a PEG ratio of 1.55 and a beta of 1.30. The company's fifty day moving average is $21.78 and its 200 day moving average is $21.22. Kimco Realty has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $525.18 million for the quarter, compared to analysts' expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company's revenue for the quarter 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. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Research analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the company's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the sale, the director directly owned 40,260 shares of the company's stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company's stock.

Institutional Trading of Kimco Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH purchased a new stake in Kimco Realty during the second quarter valued at approximately $27,000. AlphaQuest LLC purchased a new stake in Kimco Realty during the first quarter valued at approximately $29,000. Keystone Global Partners LLC purchased a new stake in Kimco Realty during the first quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its holdings in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 911 shares during the last quarter. Finally, WASHINGTON TRUST Co purchased a new stake in shares of Kimco Realty in the first quarter worth $34,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

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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