Mizuho Has Lowered Expectations for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM) had its price objective lowered by analysts at Mizuho from $26.00 to $22.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 1.51% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company decreased their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Evercore ISI reduced their price target 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, JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.57.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $21.67 on Tuesday. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.78 and a beta of 1.50. Kimco Realty has a 12 month low of $17.57 and a 12 month high of $25.83. The firm’s 50 day simple moving average is $22.51 and its 200-day simple moving average is $23.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Analysts expect that Kimco Realty will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Kimco Realty

Institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty during the third quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in Kimco Realty in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Kimco Realty in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.