Kimco Realty Corporation (NYSE:KIM) had its price objective hoisted by stock analysts at Citigroup Inc. from $19.50 to $21.00 in a report released on Monday. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup Inc.’s price target would indicate a potential upside of 4.53% from the stock’s current price.

Several other analysts have also recently issued reports on KIM. BidaskClub upgraded shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 target price on shares of Kimco Realty Corporation in a research note on Friday, August 4th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC lowered their target price on shares of Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, June 26th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Kimco Realty Corporation has an average rating of “Buy” and a consensus target price of $27.28.

Kimco Realty Corporation (NYSE KIM) traded up 0.50% during midday trading on Monday, hitting $20.09. 2,709,288 shares of the stock were exchanged. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $30.71. The firm has a market capitalization of $8.55 billion, a P/E ratio of 40.92 and a beta of 0.67. The firm’s 50-day moving average price is $19.33 and its 200 day moving average price is $20.85.

Kimco Realty Corporation (NYSE:KIM) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The firm had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Kimco Realty Corporation will post $0.73 earnings per share for the current fiscal year.

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In related news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the director now directly owns 41,045 shares of the company’s stock, valued at $712,951.65. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Profund Advisors LLC raised its position in shares of Kimco Realty Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 22,393 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 67 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Kimco Realty Corporation by 0.6% in the first quarter. Westwood Holdings Group Inc. now owns 18,038 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 110 shares during the last quarter. Financial Advisory Service Inc. raised its position in shares of Kimco Realty Corporation by 1.0% in the first quarter. Financial Advisory Service Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 112 shares during the last quarter. People s United Financial Inc. raised its position in shares of Kimco Realty Corporation by 0.4% in the second quarter. People s United Financial Inc. now owns 43,835 shares of the real estate investment trust’s stock worth $805,000 after buying an additional 181 shares during the last quarter. Finally, Private Asset Management Inc. raised its position in shares of Kimco Realty Corporation by 1.8% in the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 200 shares during the last quarter. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Corporation Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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