Kimco Realty (NYSE:KIM) Price Target Raised to $30.00 at UBS Group

Kimco Realty (NYSE:KIM) had its price target increased by analysts at UBS Group from $25.00 to $30.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective indicates a potential upside of 20.24% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Truist Financial upped their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Compass Point increased their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Finally, The Goldman Sachs Group lifted their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.95.

Kimco Realty Stock Performance

KIM stock traded up $0.29 during mid-day trading on Friday, hitting $24.95. 933,291 shares of the company were exchanged, compared to its average volume of 4,579,005. Kimco Realty has a 1-year low of $17.51 and a 1-year high of $25.04. The business has a 50 day simple moving average of $23.57 and a 200-day simple moving average of $21.27. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $16.82 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 4.08 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Kimco Realty will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 522 shares in the last quarter. CWM LLC boosted its position in Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 595 shares during the period. Cascade Investment Advisors Inc. grew its holdings in Kimco Realty by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 640 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Kimco Realty by 5.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 663 shares during the period. Finally, Truist Financial Corp raised its stake in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

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.