Kimco Realty (NYSE:KIM) Stock Rating Lowered by Wall Street Zen

Kimco Realty (NYSE:KIM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other research firms also recently commented on KIM. Evercore ISI increased their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. Citigroup reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Argus restated a “buy” rating and set a $27.00 price objective on shares of Kimco Realty in a research note on Monday, December 1st. Wells Fargo & Company reduced their target price 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. Finally, Barclays boosted their price target on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Hold” and an average target price of $24.33.

Kimco Realty Trading Up 0.1%

NYSE:KIM opened at $20.39 on Friday. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. Kimco Realty has a one year low of $17.93 and a one year high of $23.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. The business’s 50-day simple moving average is $20.59 and its 200 day simple moving average is $21.24.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.Kimco Realty’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, sell-side analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after acquiring an additional 1,034,573 shares during the period. Geode Capital Management LLC boosted its stake in Kimco Realty by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 18,679,552 shares of the real estate investment trust’s stock valued at $391,122,000 after purchasing an additional 260,928 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Kimco Realty by 0.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of Kimco Realty by 1.6% during the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Kimco Realty by 27.2% in the 3rd quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock worth $232,700,000 after buying an additional 2,280,090 shares in the last quarter. Institutional investors and hedge funds 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.