Kimco Realty (KIM) Now Covered by Stifel Nicolaus

Equities research analysts at Stifel Nicolaus assumed coverage on shares of Kimco Realty (NYSE:KIM) in a report released on Thursday, The Fly reports. The firm set a “hold” rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on KIM. BidaskClub raised Kimco Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Robert W. Baird cut Kimco Realty from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $20.00 in a research note on Monday. Citigroup lifted their price target on Kimco Realty from $19.50 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty in a research note on Friday, August 18th. Finally, J P Morgan Chase & Co raised Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research note on Tuesday, September 26th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.37.

Kimco Realty (NYSE KIM) traded up $0.05 during trading hours on Thursday, reaching $18.52. The company had a trading volume of 4,771,835 shares, compared to its average volume of 4,414,052. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $7,789.46, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65. Kimco Realty has a one year low of $17.02 and a one year high of $26.63.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $295.34 million. Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. Kimco Realty’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. research analysts anticipate that Kimco Realty will post 1.55 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Kimco Realty by 32.6% during the first quarter. Wells Fargo & Company MN now owns 983,249 shares of the real estate investment trust’s stock valued at $21,719,000 after purchasing an additional 241,457 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Kimco Realty by 103.7% during the second quarter. Royal Bank of Canada now owns 126,830 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 64,576 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Kimco Realty by 16.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 55,841 shares of the real estate investment trust’s stock valued at $1,234,000 after purchasing an additional 7,928 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Kimco Realty by 52.5% during the first quarter. Cibc World Markets Corp now owns 44,437 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 15,301 shares in the last quarter. Finally, BB&T Securities LLC boosted its position in shares of Kimco Realty by 7.6% during the first quarter. BB&T Securities LLC now owns 130,979 shares of the real estate investment trust’s stock valued at $2,893,000 after purchasing an additional 9,249 shares in the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.

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Kimco Realty 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.

The Fly

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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