Kimco Realty (NYSE:KIM) Raised to Hold at Wall Street Zen

Kimco Realty (NYSE:KIM) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

KIM has been the subject of several other research reports. Citigroup decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Barclays upped their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Wells Fargo & Company reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Scotiabank dropped their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Finally, Evercore ISI upped their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.33.

Kimco Realty Stock Performance

NYSE KIM opened at $20.00 on Friday. The business’s 50 day moving average price is $20.75 and its 200-day moving average price is $21.27. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $23.73. The company has a market cap of $13.54 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The company had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. During the same period in the previous year, the firm earned $0.43 earnings per share. Kimco Realty’s quarterly revenue was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Sell-side analysts predict that Kimco Realty will post 1.71 earnings per share for the current year.

Insiders Place Their Bets

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the transaction, the director owned 40,260 shares in the company, valued at approximately $872,031.60. This represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds have recently made changes to their positions in KIM. Norges Bank acquired a new stake in Kimco Realty during the 2nd quarter worth about $175,963,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after buying an additional 5,322,009 shares during the last quarter. Amundi lifted its stake in Kimco Realty by 54.2% during the 1st quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after acquiring an additional 3,253,031 shares during the period. Federated Hermes Inc. increased its stake in shares of Kimco Realty by 27.2% in the third quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock worth $232,700,000 after acquiring an additional 2,280,090 shares during the period. Finally, Barclays PLC raised its holdings in shares of Kimco Realty by 113.0% during the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock worth $69,612,000 after purchasing an additional 1,690,137 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.