Weiss Ratings Reaffirms “Hold (C+)” Rating for Kimco Realty (NYSE:KIM)

Kimco Realty (NYSE:KIM)‘s stock had its “hold (c+)” rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on KIM. Barclays upped their target price on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Mizuho upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.92.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $21.29 on Wednesday. The firm has a fifty day moving average price of $21.78 and a 200-day moving average price of $21.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The stock has a market cap of $14.42 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. Kimco Realty has a 1 year low of $17.93 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $525.18 million during the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts anticipate that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the sale, the director owned 40,260 shares in the company, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Kimco Realty

Institutional investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Kimco Realty in the 2nd quarter worth about $27,000. AlphaQuest LLC bought a new stake in shares of Kimco Realty in the 1st quarter worth about $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 911 shares during the last quarter. Keystone Global Partners LLC purchased a new position in Kimco Realty in the 1st quarter worth about $30,000. Finally, WASHINGTON TRUST Co purchased a new position in Kimco Realty in the 1st quarter worth about $34,000. Institutional investors own 89.25% of the company’s stock.

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.