Kimco Realty (NYSE:KIM) Issues Quarterly Earnings Results, Hits Expectations

Kimco Realty (NYSE:KIM) issued its quarterly earnings data on Friday. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42, Zacks reports. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty updated its FY 2025 guidance to 1.700-1.720 EPS.

Kimco Realty Price Performance

Shares of KIM stock traded up $0.07 on Friday, reaching $22.48. The company’s stock had a trading volume of 4,720,197 shares, compared to its average volume of 4,467,782. The stock’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.33. Kimco Realty has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

KIM has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. UBS Group increased 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. Evercore ISI dropped their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.97.

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.