Kimco Realty (NYSE:KIM) Price Target Cut to $22.00 by Analysts at Mizuho

Kimco Realty (NYSE:KIM) had its target price cut by Mizuho from $26.00 to $22.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price indicates a potential upside of 0.36% from the company’s previous close.

Several other equities research analysts also recently issued reports on KIM. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Evercore ISI dropped their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Scotiabank upped their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.57.

Kimco Realty Stock Performance

Shares of KIM stock traded up $0.13 during trading on Tuesday, reaching $21.92. The company had a trading volume of 1,340,048 shares, compared to its average volume of 4,372,502. The firm’s 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $23.39. Kimco Realty has a one year low of $17.57 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company has a market capitalization of $14.78 billion, a PE ratio of 39.15, a PEG ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Sell-side analysts forecast that Kimco Realty will post 1.71 earnings per share for the current year.

Institutional Trading of Kimco Realty

Several hedge funds have recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in Kimco Realty in the 3rd quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Kimco Realty during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its position in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new position in Kimco Realty in the third quarter valued at about $37,000. 89.25% of the stock is owned by institutional investors.

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.