Mizuho Analysts Give Kimco Realty (KIM) a $20.00 Price Target
Kimco Realty (NYSE:KIM) has been given a $20.00 target price by research analysts at Mizuho in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 6.10% from the company’s previous close.
A number of other research firms have also weighed in on KIM. Argus downgraded Kimco Realty from a “buy” rating to a “hold” rating in a report on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets started coverage on Kimco Realty in a report on Monday, September 11th. They set a “market perform” rating and a $21.00 target price for the company. J P Morgan Chase & Co upgraded Kimco Realty from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a report on Tuesday, September 26th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty in a report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of Kimco Realty in a report on Friday, November 10th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.70.
Shares of Kimco Realty (NYSE:KIM) opened at $18.85 on Monday. The firm has a market capitalization of $7,861.82, a P/E ratio of 12.23, a PEG ratio of 2.20 and a beta of 0.65. Kimco Realty has a 52 week low of $17.02 and a 52 week high of $26.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.
Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The company had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $295.34 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. sell-side analysts forecast that Kimco Realty will post 1.55 EPS for the current year.
In other news, insider Milton Cooper acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was acquired at an average price of $19.20 per share, for a total transaction of $960,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in shares of Kimco Realty in the third quarter worth $105,000. Carnegie Capital Asset Management LLC purchased a new stake in shares of Kimco Realty in the second quarter worth $204,000. Pacer Advisors Inc. grew its stake in shares of Kimco Realty by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 790 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Kimco Realty in the third quarter worth $201,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Kimco Realty in the third quarter worth $203,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
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About Kimco Realty
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.
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