Kimco Realty (NYSE:KIM) Price Target Raised to $28.00 at Piper Sandler

Kimco Realty (NYSE:KIM) had its price target hoisted by research analysts at Piper Sandler from $26.00 to $28.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s target price would indicate a potential upside of 23.38% from the stock’s previous close.

KIM has been the subject of a number of other reports. Mizuho set a $21.00 price target on Kimco Realty in a research note on Friday, January 9th. Truist Financial lowered their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Wells Fargo & Company cut their price target on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Evercore ISI set a $24.00 target price on shares of Kimco Realty in a research note on Friday. Finally, Argus reaffirmed a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.09.

Kimco Realty Stock Performance

NYSE KIM opened at $22.70 on Tuesday. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $22.97. The stock has a market cap of $15.37 billion, a PE ratio of 28.02, a P/E/G ratio of 1.23 and a beta of 1.07. The firm has a 50-day moving average of $20.78 and a 200-day moving average of $21.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.31.

Institutional Trading of Kimco Realty

A number of institutional investors have recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Kimco Realty by 94.1% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 70,662 shares of the real estate investment trust’s stock valued at $1,544,000 after purchasing an additional 34,251 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $4,653,000. AlphaQuest LLC raised its position in shares of Kimco Realty by 124.0% during the 3rd quarter. AlphaQuest LLC now owns 119,706 shares of the real estate investment trust’s stock valued at $2,616,000 after buying an additional 66,269 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Kimco Realty in the third quarter worth about $1,100,000. Finally, Pacific Heights Asset Management LLC increased its stake in Kimco Realty by 66.7% during the third quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock worth $10,925,000 after acquiring an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.