Wall Street Zen Upgrades Kimco Realty (NYSE:KIM) to Hold

Kimco Realty (NYSE:KIM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts also recently weighed in on KIM. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on Kimco Realty in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 target price on the stock. LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price target for the company. Scotiabank lowered their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Finally, Barclays lifted their price objective on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.27.

Kimco Realty Price Performance

KIM opened at $20.66 on Friday. The firm has a market cap of $13.99 billion, a PE ratio of 24.89, a P/E/G ratio of 1.56 and a beta of 1.28. The stock has a 50-day moving average price of $21.13 and a 200-day moving average price of $21.36. Kimco Realty has a 1 year low of $17.93 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Sell-side analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the transaction, the director owned 40,260 shares in the company, valued at $872,031.60. This represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new position in shares of Kimco Realty in the first quarter worth about $261,000. EP Wealth Advisors LLC purchased a new stake in Kimco Realty in the 1st quarter worth approximately $211,000. Cetera Investment Advisers increased its holdings in Kimco Realty by 94.0% in the 1st quarter. Cetera Investment Advisers now owns 63,327 shares of the real estate investment trust’s stock worth $1,345,000 after acquiring an additional 30,683 shares in the last quarter. D.A. Davidson & CO. raised its stake in Kimco Realty by 71.0% during the 2nd quarter. D.A. Davidson & CO. now owns 16,810 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 6,982 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Kimco Realty during the second quarter valued at approximately $702,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.