Kimco Realty (NYSE:KIM) Posts Quarterly Earnings Results, Meets Expectations

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

Kimco Realty Trading Up 0.3 %

Shares of Kimco Realty stock traded up $0.07 on Friday, hitting $22.48. The stock had a trading volume of 4,720,197 shares, compared to its average volume of 4,467,782. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a one year low of $17.57 and a one year high of $25.83. The stock’s 50-day simple moving average is $23.28 and its two-hundred day simple moving average is $23.33. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 2.91 and a beta of 1.50.

Analyst Ratings Changes

Several brokerages have recently commented on KIM. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Mizuho increased their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.97.

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.