Kimco Realty (NYSE:KIM) Stock Price Expected to Rise, Scotiabank Analyst Says

Kimco Realty (NYSE:KIM) had its price target lifted by analysts at Scotiabank from $23.00 to $26.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 2.12% from the stock’s previous close.

KIM has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI upped their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Truist Financial lifted their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. UBS Group upped their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, 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 note on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $25.46 on Monday. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.58. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $17.16 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. The business has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $21.88.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the third quarter worth approximately $37,000. Blue Trust Inc. lifted its holdings in shares of Kimco Realty by 613.5% during the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,816 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 773 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.