Mizuho Issues Positive Forecast for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM) had its price target hoisted by analysts at Mizuho from $24.00 to $26.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential upside of 3.81% from the company’s previous close.

Several other equities research analysts have also weighed in on KIM. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Compass Point raised their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Truist Financial boosted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. UBS Group increased their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company boosted their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

Kimco Realty Stock Down 0.6 %

Shares of NYSE:KIM opened at $25.05 on Tuesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 45.54, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. The firm’s 50 day moving average price is $24.37 and its 200 day moving average price is $22.28.

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

Institutional Trading of Kimco Realty

Several hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the period. FMR LLC increased its position in Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the period. Geode Capital Management LLC raised its stake in shares of Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after buying an additional 53,378 shares in the last quarter. APG Asset Management US Inc. raised its stake in shares of Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust’s stock worth $288,155,000 after buying an additional 240,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock valued at $221,740,000 after buying an additional 1,193,600 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.