Kimco Realty (NYSE:KIM) Lowered to Hold Rating by Jefferies Financial Group

Kimco Realty (NYSE:KIM) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $25.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $28.00. Jefferies Financial Group’s price target would suggest a potential upside of 6.70% from the stock’s previous close.

Several other research analysts have also issued reports on KIM. Mizuho raised their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Compass Point lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and an average target price of $24.84.

Kimco Realty Stock Up 0.9 %

NYSE:KIM opened at $23.43 on Thursday. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 42.60, a P/E/G ratio of 3.22 and a beta of 1.50. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The stock’s fifty day moving average price is $24.46 and its two-hundred day moving average price is $22.85.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Kimco Realty will post 1.64 EPS for the current year.

Institutional Trading of Kimco Realty

A number of large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new position in shares of Kimco Realty during the 3rd quarter valued at $17,636,000. Synovus Financial Corp increased its stake in shares of Kimco Realty by 6.2% in the third quarter. Synovus Financial Corp now owns 42,579 shares of the real estate investment trust’s stock worth $989,000 after purchasing an additional 2,476 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Kimco Realty by 17.9% in the third quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 5,466 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $31,000. Finally, World Investment Advisors LLC bought a new position in Kimco Realty in the 3rd quarter worth approximately $269,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.