Kimco Realty (NYSE:KIM) Posts Quarterly Earnings Results, Meets Estimates

Kimco Realty (NYSE:KIM) released its quarterly earnings data on Friday. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42, Zacks reports. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty updated its FY 2025 guidance to 1.700-1.720 EPS.

Kimco Realty Stock Down 0.2 %

Shares of KIM opened at $22.37 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $23.28 and a 200 day moving average of $23.33. The company has a market cap of $15.08 billion, a PE ratio of 40.68, a P/E/G ratio of 2.92 and a beta of 1.50. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Mizuho lifted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Scotiabank raised their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.