Kimco Realty (NYSE:KIM) Coverage Initiated by Analysts at Compass Point

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Compass Point assumed coverage on shares of Kimco Realty (NYSE:KIM) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $19.00 price target on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on KIM. ValuEngine cut Kimco Realty from a hold rating to a sell rating in a report on Thursday, August 1st. Bank of America raised Kimco Realty from a neutral rating to a buy rating and upped their price target for the stock from $19.00 to $21.00 in a report on Tuesday, June 11th. Zacks Investment Research raised Kimco Realty from a sell rating to a buy rating and set a $19.00 target price for the company in a report on Wednesday, May 1st. Citigroup increased their target price on Kimco Realty from $18.00 to $18.50 and gave the company a neutral rating in a report on Tuesday, July 30th. Finally, Raymond James cut Kimco Realty from an outperform rating to a market perform rating and set a $18.17 target price for the company. in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $19.13.

NYSE KIM opened at $18.67 on Thursday. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 3.23 and a beta of 0.59. Kimco Realty has a twelve month low of $14.29 and a twelve month high of $19.43. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average of $18.60 and a 200 day moving average of $18.12.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.16). The business had revenue of $284.87 million during the quarter, compared to analyst estimates of $281.96 million. Kimco Realty had a return on equity of 7.23% and a net margin of 34.08%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Equities analysts predict that Kimco Realty will post 1.46 EPS for the current fiscal year.

In other Kimco Realty news, Director Frank Lourenso sold 3,380 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $18.84, for a total transaction of $63,679.20. Following the completion of the transaction, the director now owns 198,106 shares of the company’s stock, valued at $3,732,317.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. 6 Meridian increased its holdings in shares of Kimco Realty by 1.9% in the second quarter. 6 Meridian now owns 29,403 shares of the real estate investment trust’s stock valued at $543,000 after purchasing an additional 555 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of Kimco Realty by 24.5% in the second quarter. CSat Investment Advisory L.P. now owns 2,840 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 558 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Kimco Realty by 1.4% in the second quarter. Synovus Financial Corp now owns 41,351 shares of the real estate investment trust’s stock valued at $766,000 after purchasing an additional 583 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Kimco Realty by 0.3% in the first quarter. SG Americas Securities LLC now owns 213,328 shares of the real estate investment trust’s stock valued at $3,947,000 after purchasing an additional 585 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Kimco Realty by 0.3% in the second quarter. Retirement Systems of Alabama now owns 196,819 shares of the real estate investment trust’s stock valued at $3,637,000 after purchasing an additional 599 shares during the last quarter. 87.48% 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.

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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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