Kimco Realty (NYSE:KIM) Price Target Lowered to $22.00 at Truist Financial

Kimco Realty (NYSE:KIM) had its price target decreased by equities researchers at Truist Financial from $23.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 4.54% from the company’s current price.

Several other research firms have also issued reports on KIM. UBS Group dropped their target price on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Morgan Stanley set a $23.50 target price on Kimco Realty in a research report on Monday, January 5th. Wells Fargo & Company lowered their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, Citigroup dropped their price target on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.89.

Kimco Realty Price Performance

Shares of KIM opened at $21.05 on Tuesday. The business has a 50-day moving average of $20.36 and a 200-day moving average of $21.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Kimco Realty has a 1 year low of $17.93 and a 1 year high of $23.65.

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

Institutional Investors Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Kimco Realty during the third quarter worth approximately $27,000. Trust Co. of Toledo NA OH bought a new stake in Kimco Realty during the 2nd quarter valued at $27,000. City Holding Co. acquired a new position in Kimco Realty during the third quarter worth $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the second quarter valued at $37,000. Finally, Lavaca Capital LLC grew its holdings in shares of Kimco Realty by 869.5% during the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,739 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.