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

Kimco Realty (NYSE:KIM) had its price objective decreased by equities researchers at Citigroup from $27.00 to $21.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would suggest a potential upside of 0.31% from the stock’s previous close.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target 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. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI decreased 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 report on Tuesday, December 24th. Finally, Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.50.

Kimco Realty Stock Up 0.9 %

NYSE:KIM opened at $20.94 on Monday. Kimco Realty has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a 50-day moving average of $21.92 and a 200 day moving average of $23.24. The firm has a market cap of $14.23 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 482 shares during the period. Keybank National Association OH increased its holdings in Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 496 shares during the period. Global Assets Advisory LLC increased its holdings in Kimco Realty by 5.4% in the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 528 shares during the period. Avantax Advisory Services Inc. increased its holdings in Kimco Realty by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 539 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 565 shares during the period. 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.