Kimco Realty (NYSE:KIM) Announces Quarterly Earnings Results

Kimco Realty (NYSE:KIM) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42, Zacks reports. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty updated its FY 2025 guidance to 1.700-1.720 EPS.

Kimco Realty Trading Up 1.0 %

Kimco Realty stock traded up $0.22 during midday trading on Friday, reaching $22.63. The stock had a trading volume of 4,024,958 shares, compared to its average volume of 4,458,965. The stock’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $23.33. Kimco Realty has a twelve month low of $17.57 and a twelve month 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 has a market capitalization of $15.26 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Friday, December 20th. Robert W. Baird raised their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, UBS Group increased their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

About Kimco Realty

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.