JPMorgan Chase & Co. Issues Pessimistic Forecast for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $25.00 to $24.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.41% from the stock’s current price.

A number of other equities research analysts have also weighed in on KIM. Robert W. Baird boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Scotiabank boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. UBS Group boosted their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Mizuho upped their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.83.

Kimco Realty Trading Down 0.2 %

Shares of KIM opened at $21.54 on Tuesday. Kimco Realty has a 52-week low of $17.57 and a 52-week high of $25.83. The business’s fifty day moving average is $22.73 and its 200-day moving average is $23.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.81 and a beta of 1.50.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its stake in shares of Kimco Realty by 7.9% in the 4th quarter. Toronto Dominion Bank now owns 360,454 shares of the real estate investment trust’s stock valued at $8,445,000 after purchasing an additional 26,363 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Kimco Realty in the 4th quarter valued at about $287,000. Woodline Partners LP acquired a new position in Kimco Realty during the 4th quarter worth approximately $9,057,000. Squarepoint Ops LLC raised its stake in Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust’s stock worth $8,994,000 after buying an additional 111,496 shares during the period. Finally, Twinbeech Capital LP acquired a new position in Kimco Realty during the 4th quarter worth approximately $4,977,000. 89.25% of the stock is owned by institutional investors and hedge funds.

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.