Kimco Realty (NYSE:KIM) Updates FY 2024 Earnings Guidance

Kimco Realty (NYSE:KIM) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.600-1.620 for the period, compared to the consensus earnings per share estimate of 1.600. The company issued revenue guidance of -.

Kimco Realty Stock Down 1.4 %

Shares of KIM stock opened at $21.73 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty has a 12 month low of $16.34 and a 12 month high of $22.83. The stock has a market cap of $14.65 billion, a P/E ratio of 41.00, a P/E/G ratio of 4.24 and a beta of 1.51. The company has a 50 day simple moving average of $19.62 and a two-hundred day simple moving average of $19.41.

Wall Street Analyst Weigh In

KIM has been the topic of several analyst reports. Truist Financial lowered their target price on Kimco Realty from $23.00 to $22.00 and set a hold rating on the stock in a research report on Monday, May 20th. Bank of America reiterated a neutral rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho decreased their target price on shares of Kimco Realty from $21.00 to $20.00 and set a buy rating on the stock in a research note on Thursday, May 23rd. Finally, Robert W. Baird dropped their price target on shares of Kimco Realty from $23.00 to $21.00 and set an outperform rating for the company in a research report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $21.52.

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.