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

Kimco Realty (NYSE:KIM) had its target price upped by stock analysts at JPMorgan Chase & Co. from $23.00 to $25.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.29% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Mizuho set a $21.00 price objective on shares of Kimco Realty in a research report on Friday, January 9th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays reaffirmed an “overweight” rating and set a $25.00 price target on shares of Kimco Realty in a report on Tuesday, January 13th. Morgan Stanley set a $23.50 price objective on Kimco Realty in a report on Monday, January 5th. Finally, Robert W. Baird set a $25.00 target price on Kimco Realty in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.23.

Kimco Realty Stock Down 0.2%

NYSE:KIM traded down $0.04 during mid-day trading on Thursday, hitting $23.52. The stock had a trading volume of 6,668,651 shares, compared to its average volume of 6,005,837. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $23.91. The stock has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $21.34. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15.85 billion, a PE ratio of 29.04, a PEG ratio of 1.32 and a beta of 1.04.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently made changes to their positions in KIM. Values First Advisors Inc. raised its stake in Kimco Realty by 1.7% during the 3rd quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 450 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 503 shares during the period. Parallel Advisors LLC increased its position in shares of Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC increased its holdings in Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 530 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.