Kimco Realty (NYSE:KIM) Stock Rating Lowered by Jefferies Financial Group

Kimco Realty (NYSE:KIM) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $25.00 price target on the real estate investment trust’s stock, down from their prior price target of $28.00. Jefferies Financial Group’s price target would suggest a potential upside of 7.90% from the stock’s current price.

Other research analysts have also issued reports about the stock. Mizuho increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. UBS Group boosted their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group lifted their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Eleven 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 stock. Based on data from MarketBeat, Kimco Realty currently has an average rating of “Hold” and a consensus target price of $24.84.

Kimco Realty Trading Up 0.9 %

Shares of KIM opened at $23.17 on Thursday. Kimco Realty has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.22 and a beta of 1.51. The firm’s 50-day moving average price is $24.44 and its 200-day moving average price is $22.88. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Sell-side analysts anticipate that Kimco Realty will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Kimco Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty during the third quarter valued at $31,000. Brooklyn Investment Group bought a new position in Kimco Realty in the third quarter valued at about $37,000. Quarry LP bought a new position in Kimco Realty in the third quarter valued at about $51,000. Finally, Castleview Partners LLC purchased a new position in Kimco Realty in the third quarter worth about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.