Kimco Realty (NYSE:KIM) Given New $21.00 Price Target at Citigroup

Kimco Realty (NYSE:KIM) had its price objective decreased by investment analysts at Citigroup from $27.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential upside of 1.23% from the stock’s current price.

A number of other brokerages also recently commented on KIM. Scotiabank reduced their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Evercore ISI dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped 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 report on Tuesday, February 18th. Finally, Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.50.

Kimco Realty Stock Up 0.8 %

NYSE:KIM traded up $0.17 during trading hours on Monday, hitting $20.75. The stock had a trading volume of 1,390,696 shares, compared to its average volume of 4,045,336. The company has a market cap of $14.10 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The business has a 50 day simple moving average of $21.98 and a two-hundred day simple moving average of $23.28. Kimco Realty has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Hedge Funds Weigh In On Kimco Realty

Hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Kimco Realty in the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty in the third quarter worth $31,000. Brooklyn Investment Group bought a new position in Kimco Realty during the third quarter valued at about $37,000. Finally, Headlands Technologies LLC acquired a new stake in Kimco Realty in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds 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.