Kimco Realty (NYSE:KIM) Price Target Lowered to $24.00 at Wells Fargo & Company

Kimco Realty (NYSE:KIM) had its price objective cut by Wells Fargo & Company from $26.00 to $24.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on KIM. Robert W. Baird boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. UBS Group boosted their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Scotiabank boosted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.84.

Kimco Realty Price Performance

Kimco Realty stock opened at $22.47 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $15.15 billion, a P/E ratio of 40.86, a P/E/G ratio of 2.87 and a beta of 1.51. The business’s fifty day moving average is $23.71 and its two-hundred day moving average is $23.30. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The business had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Equities research analysts forecast that Kimco Realty will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty in the third quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the third quarter worth about $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the third quarter worth about $51,000. Finally, Castleview Partners LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $77,000. Institutional investors own 89.25% of the company’s stock.

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.