Kimco Realty Corporation (NYSE:KIM) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Monday. They currently have a $20.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $23.00. Robert W. Baird’s price objective suggests a potential upside of 6.38% from the company’s current price.
Several other research firms also recently issued reports on KIM. BidaskClub upgraded Kimco Realty from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets assumed coverage on Kimco Realty in a report on Monday, September 11th. They set a “market perform” rating and a $21.00 price objective on the stock. Zacks Investment Research upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Citigroup Inc. lifted their price objective on Kimco Realty from $19.50 to $21.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $25.00 price objective on shares of Kimco Realty in a report on Friday, August 4th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.37.
Shares of Kimco Realty (KIM) opened at $18.80 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty has a twelve month low of $17.02 and a twelve month high of $26.63. The stock has a market capitalization of $8,000.00, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.66.
Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $295.34 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Kimco Realty’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of KIM. Creative Planning increased its holdings in shares of Kimco Realty by 31.8% in the 2nd quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 2,715 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Kimco Realty by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Kimco Realty by 28.9% in the 2nd quarter. Aperio Group LLC now owns 173,685 shares of the real estate investment trust’s stock valued at $3,187,000 after acquiring an additional 38,976 shares during the last quarter. US Bancorp DE increased its holdings in shares of Kimco Realty by 11.1% in the 2nd quarter. US Bancorp DE now owns 107,977 shares of the real estate investment trust’s stock valued at $1,982,000 after acquiring an additional 10,749 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kimco Realty by 96.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 479,583 shares of the real estate investment trust’s stock valued at $8,825,000 after acquiring an additional 234,868 shares during the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
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Kimco Realty Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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