Piper Sandler Increases Kimco Realty (NYSE:KIM) Price Target to $28.00

Kimco Realty (NYSE:KIM) had its price objective hoisted by investment analysts at Piper Sandler from $26.00 to $28.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would indicate a potential upside of 23.38% from the company’s previous close.

KIM has been the subject of a number of other research reports. UBS Group decreased their price target on Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company lowered their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research note on Friday, February 13th. Truist Financial decreased their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.18.

Kimco Realty Trading Down 2.0%

Shares of KIM opened at $22.70 on Tuesday. Kimco Realty has a 12 month low of $17.93 and a 12 month high of $23.22. The stock’s 50-day moving average is $20.90 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.59. The stock has a market cap of $15.37 billion, a PE ratio of 28.02, a P/E/G ratio of 1.26 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $27,000. Zions Bancorporation National Association UT raised its holdings in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,049 shares during the period. City Holding Co. bought a new position in shares of Kimco Realty in the 3rd quarter worth about $30,000. Brown Lisle Cummings Inc. boosted its holdings in shares of Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds 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.