Kimco Realty (NYSE:KIM – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, February 8th. Analysts expect Kimco Realty to post earnings of $0.39 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Kimco Realty Trading Down 1.4 %
Shares of NYSE KIM opened at $20.19 on Thursday. The firm’s 50 day moving average price is $20.66 and its 200-day moving average price is $19.32. The company has a market cap of $12.52 billion, a PE ratio of 28.44, a P/E/G ratio of 2.66 and a beta of 1.49. Kimco Realty has a 52-week low of $16.34 and a 52-week high of $23.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.72 and a current ratio of 2.72.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on KIM. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research note on Tuesday. They issued a “hold” rating and a $23.00 target price on the stock. Piper Sandler increased their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. StockNews.com assumed coverage on shares of Kimco Realty in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Mizuho increased their price objective on shares of Kimco Realty from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus increased their price objective on shares of Kimco Realty from $20.50 to $21.75 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty has an average rating of “Hold” and an average target price of $22.18.
Institutional Trading of Kimco Realty
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Kimco Realty in the fourth quarter worth $239,184,000. State Street Corp increased its stake in shares of Kimco Realty by 19.2% in the first quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock worth $1,092,250,000 after purchasing an additional 7,126,475 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kimco Realty by 3.2% in the first quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock worth $2,483,278,000 after purchasing an additional 3,081,151 shares in the last quarter. BlackRock Inc. increased its stake in shares of Kimco Realty by 4.1% in the first quarter. BlackRock Inc. now owns 63,149,815 shares of the real estate investment trust’s stock worth $1,233,316,000 after purchasing an additional 2,463,808 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Kimco Realty by 39.3% in the first quarter. Wellington Management Group LLP now owns 4,515,382 shares of the real estate investment trust’s stock worth $111,529,000 after purchasing an additional 1,273,743 shares in the last quarter. 90.42% of the stock is owned by hedge funds and other institutional investors.
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.
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