Truist Financial Has Lowered Expectations for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM) had its target price lowered by analysts at Truist Financial from $23.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 5.14% from the stock’s previous close.

KIM has been the subject of several other reports. Mizuho set a $21.00 price objective on shares of Kimco Realty in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. UBS Group dropped their price target on Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a report on Sunday, December 28th. Finally, Morgan Stanley set a $23.50 price objective on shares of Kimco Realty in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.89.

Kimco Realty Stock Performance

Shares of KIM opened at $20.92 on Tuesday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.17 billion, a PE ratio of 25.21, a P/E/G ratio of 1.47 and a beta of 1.05. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $23.65. The stock has a fifty day moving average price of $20.37 and a 200-day moving average price of $21.18.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The firm had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same period in the previous year, the business earned $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 predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimco Realty

A number of hedge funds have recently bought and sold shares of KIM. Norges Bank acquired a new position in shares of Kimco Realty during the second quarter valued at approximately $175,963,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kimco Realty by 541.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after purchasing an additional 5,322,009 shares in the last quarter. SG Americas Securities LLC raised its stake in Kimco Realty by 10,776.5% in the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Kimco Realty by 27.2% in the 3rd quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after purchasing an additional 2,280,090 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Kimco Realty by 113.0% in the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock valued at $69,612,000 after purchasing an additional 1,690,137 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Company Profile

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.