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

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

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Other equities analysts also recently issued reports about the stock. Evercore ISI upped their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Barclays boosted their price target on Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Wells Fargo & Company assumed coverage on Kimco Realty in a report on Tuesday, October 21st. They issued an "equal weight" rating and a $23.00 price objective for the company. Piper Sandler reduced their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Scotiabank decreased their target price on Kimco Realty from $23.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.27.

Get Our Latest Report on KIM

Kimco Realty Stock Performance

NYSE:KIM opened at $20.66 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm has a market cap of $13.99 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The business has a 50 day moving average price of $21.13 and a 200-day moving average price of $21.36.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Equities research analysts predict that Kimco Realty will post 1.71 earnings per share for the current year.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the firm's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the transaction, the director owned 40,260 shares of the company's stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KIM. CIBC Private Wealth Group LLC lifted its position in Kimco Realty by 50.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 11,328 shares of the real estate investment trust's stock valued at $248,000 after acquiring an additional 3,787 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Kimco Realty during the third quarter valued at approximately $5,930,000. Old North State Trust LLC purchased a new position in shares of Kimco Realty during the third quarter valued at approximately $257,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Kimco Realty by 6.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 157,601 shares of the real estate investment trust's stock valued at $3,444,000 after purchasing an additional 8,989 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Kimco Realty by 8.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,369 shares of the real estate investment trust's stock worth $554,000 after purchasing an additional 1,901 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

About Kimco Realty

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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