Brokerages Set Kimco Realty Corp (NYSE:KIM) Price Target at $24.84

Shares of Kimco Realty Corp (NYSE:KIM) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.97.

A number of equities research analysts recently commented on KIM shares. UBS Group upped their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Evercore ISI decreased their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its holdings in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after acquiring an additional 882,047 shares in the last quarter. FMR LLC raised its holdings in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after acquiring an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after acquiring an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after acquiring an additional 5,598,091 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Down 1.1 %

NYSE KIM opened at $22.20 on Tuesday. The stock has a 50-day simple moving average of $23.55 and a 200 day simple moving average of $23.33. The company has a market capitalization of $14.96 billion, a PE ratio of 40.35, a P/E/G 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. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83.

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.