Kimco Realty (NYSE:KIM) Price Target Raised to $25.00 at Morgan Stanley

Kimco Realty (NYSE:KIM) had its target price upped by Morgan Stanley from $23.50 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective indicates a potential upside of 13.74% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. UBS Group began coverage on Kimco Realty in a research note on Thursday, June 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Mizuho upped their price objective on Kimco Realty from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, April 16th. Robert W. Baird reaffirmed an “outperform” rating on shares of Kimco Realty in a research report on Monday, April 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BTIG Research restated a “hold” rating on shares of Kimco Realty in a report on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.57.

NYSE KIM opened at $21.98 on Friday. The firm has a market cap of $9.53 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.73 and a beta of 1.53. The company has a fifty day simple moving average of $20.67. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.93. Kimco Realty has a 12-month low of $10.03 and a 12-month high of $22.31.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 29th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Kimco Realty had a return on equity of 18.60% and a net margin of 99.83%. As a group, sell-side analysts anticipate that Kimco Realty will post 1.25 EPS for the current fiscal year.

In other news, COO David Jamieson sold 89,102 shares of the stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $22.25, for a total value of $1,982,519.50. 2.90% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in KIM. Meridian Wealth Partners LLC bought a new stake in Kimco Realty during the first quarter valued at $27,000. Atlas Capital Advisors LLC purchased a new stake in shares of Kimco Realty in the 1st quarter valued at about $34,000. Vantage Consulting Group Inc bought a new stake in shares of Kimco Realty during the 4th quarter valued at about $32,000. Montag A & Associates Inc. purchased a new position in shares of Kimco Realty during the fourth quarter worth about $42,000. Finally, Laffer Tengler Investments bought a new position in shares of Kimco Realty in the fourth quarter worth approximately $50,000. 90.71% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.

Read More: SEC Filing

Analyst Recommendations for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.