Kimco Realty Corporation (NYSE:KIM)‘s stock had its “hold” rating reiterated by research analysts at Mizuho in a report issued on Monday. They currently have a $19.00 target price on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential downside of 0.58% from the company’s current price.

A number of other analysts have also recently commented on KIM. BidaskClub upgraded Kimco Realty Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) upgraded Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price objective for the company in a research report on Tuesday, June 20th. Barclays PLC reduced their price target on Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, June 26th. Zacks Investment Research cut Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $19.50 price target (down previously from $21.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Kimco Realty Corporation has an average rating of “Hold” and a consensus price target of $24.43.

Kimco Realty Corporation (NYSE:KIM) opened at 19.11 on Monday. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $28.52. The stock’s 50 day moving average price is $19.69 and its 200 day moving average price is $19.77. The company has a market cap of $8.13 billion, a P/E ratio of 38.92 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The firm had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, equities analysts anticipate that Kimco Realty Corporation will post $0.70 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Eqis Capital Management Inc. purchased a new stake in Kimco Realty Corporation in the third quarter worth about $201,000. M Holdings Securities Inc. boosted its stake in shares of Kimco Realty Corporation by 74.8% in the second quarter. M Holdings Securities Inc. now owns 23,250 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 9,950 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Kimco Realty Corporation by 1.7% in the second quarter. Lord Abbett & CO. LLC now owns 417,000 shares of the real estate investment trust’s stock worth $7,652,000 after acquiring an additional 6,800 shares during the period. Phocas Financial Corp. boosted its stake in shares of Kimco Realty Corporation by 4.3% in the second quarter. Phocas Financial Corp. now owns 13,999 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 575 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in shares of Kimco Realty Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 32,994 shares of the real estate investment trust’s stock worth $605,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Kimco Realty Corporation Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Analyst Recommendations for Kimco Realty Corporation (NYSE:KIM)

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