Kimco Realty Corporation (NYSE:KIM) Receives $23.89 Consensus PT from Brokerages

Shares of Kimco Realty Corporation (NYSE:KIM) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.8929.

Several brokerages recently issued reports on KIM. Argus reiterated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a report on Monday, December 1st. Citigroup lowered their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research report on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $25.00 price objective on shares of Kimco Realty in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th.

Kimco Realty Stock Down 0.3%

Shares of NYSE KIM opened at $21.76 on Friday. The firm has a market cap of $14.74 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. 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 has a 1 year low of $17.93 and a 1 year high of $22.97. The firm’s 50 day moving average price is $20.56 and its 200 day moving average price is $21.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Values First Advisors Inc. raised its position in shares of 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 in the last quarter. Quadrant Capital Group LLC increased its stake in Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC raised its holdings in shares of Kimco Realty by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Kimco Realty by 5.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 589 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.