Kimco Realty (NYSE:KIM) was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report released on Friday, Marketbeat reports. They currently have a $20.00 price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 8.93% from the company’s previous close.
Several other brokerages also recently weighed in on KIM. BMO Capital Markets assumed coverage on Kimco Realty in a research note on Monday, September 11th. They issued a “market perform” rating and a $21.00 target price on the stock. Argus downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. BidaskClub downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty in a research note on Friday, August 18th. Finally, Robert W. Baird restated a “buy” rating and issued a $23.00 price target on shares of Kimco Realty in a research note on Friday, November 10th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.65.
Kimco Realty (NYSE:KIM) traded down $0.05 on Friday, reaching $18.36. The company’s stock had a trading volume of 3,295,100 shares, compared to its average volume of 4,394,373. The firm has a market capitalization of $7,810.00, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.20 and a beta of 0.65. Kimco Realty has a 52 week low of $17.02 and a 52 week high of $26.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.
In other news, insider Milton Cooper bought 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in shares of Kimco Realty by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 652,182 shares of the real estate investment trust’s stock worth $12,750,000 after acquiring an additional 3,299 shares during the last quarter. Davis Selected Advisers acquired a new position in shares of Kimco Realty in the third quarter worth $9,022,000. Afam Capital Inc. raised its holdings in shares of Kimco Realty by 26.4% in the third quarter. Afam Capital Inc. now owns 122,796 shares of the real estate investment trust’s stock worth $2,401,000 after acquiring an additional 25,627 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Kimco Realty in the third quarter worth $243,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Kimco Realty by 63.6% in the third quarter. Janus Henderson Group PLC now owns 131,325 shares of the real estate investment trust’s stock worth $2,567,000 after acquiring an additional 51,043 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.
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About Kimco Realty
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.
