Kimco Realty (NYSE:KIM) Given New $25.00 Price Target at JPMorgan Chase & Co.

Kimco Realty (NYSE:KIM) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $23.00 to $25.00 in a note issued to investors 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 suggest a potential upside of 6.29% from the stock’s previous close.

Several other research firms have also weighed in on KIM. Mizuho set a $21.00 target price on shares of Kimco Realty in a report on Friday, January 9th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Robert W. Baird set a $25.00 price objective on Kimco Realty in a report on Friday, February 13th. Morgan Stanley set a $23.50 price objective on Kimco Realty in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research report on Thursday, January 22nd. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.23.

Kimco Realty Price Performance

Shares of KIM stock traded down $0.04 during trading hours on Thursday, reaching $23.52. The company had a trading volume of 6,668,651 shares, compared to its average volume of 6,005,837. Kimco Realty has a 12-month low of $17.93 and a 12-month high of $23.91. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.32 and a beta of 1.04. The stock has a fifty day moving average of $21.53 and a 200-day moving average of $21.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Kimco Realty during the 4th quarter worth approximately $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kimco Realty by 541.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after acquiring an additional 5,322,009 shares in the last quarter. Invesco Ltd. increased its position in shares of Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after acquiring an additional 4,399,959 shares during the period. SG Americas Securities LLC raised its stake in shares of Kimco Realty by 10,776.5% in the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after acquiring an additional 2,403,585 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Kimco Realty by 200.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,574,515 shares of the real estate investment trust’s stock valued at $72,455,000 after purchasing an additional 2,383,236 shares during the period. Hedge funds and other 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.