Kimco Realty (NYSE:KIM) Stock Rating Lowered by Wall Street Zen

Kimco Realty (NYSE:KIM) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other equities analysts also recently weighed in on the stock. Barclays raised their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Scotiabank decreased their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Evercore ISI boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Citigroup cut their price target on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company lowered their price objective on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.33.

Kimco Realty Stock Down 0.3%

Shares of KIM opened at $20.37 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty has a one year low of $17.93 and a one year high of $23.71. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.45 and a beta of 1.05. The stock has a 50 day moving average price of $20.62 and a 200 day moving average price of $21.25.

Kimco Realty (NYSE:KIM) last announced 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. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The company had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Equities research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Trust Co. of Toledo NA OH acquired a new stake in shares of Kimco Realty during the second quarter valued at about $27,000. Quent Capital LLC purchased a new position in shares of Kimco Realty during the 3rd quarter worth approximately $27,000. AlphaQuest LLC purchased a new position in shares of Kimco Realty during the 1st quarter worth approximately $29,000. City Holding Co. acquired a new stake in Kimco Realty in the 3rd quarter valued at approximately $30,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.