Kimco Realty (KIM) Given a $19.00 Price Target at BMO Capital Markets

Kimco Realty (NYSE:KIM) has been given a $19.00 price objective by equities researchers at BMO Capital Markets in a report released on Thursday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 27.95% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of Kimco Realty in a report on Friday, November 10th. ValuEngine lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price objective on shares of Kimco Realty in a report on Thursday, February 1st. SunTrust Banks set a $18.00 price objective on shares of Kimco Realty and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, Mizuho set a $20.00 price objective on shares of Kimco Realty and gave the company a “hold” rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.15.

Shares of Kimco Realty (NYSE KIM) traded up $0.59 during trading hours on Thursday, hitting $14.85. 6,238,305 shares of the stock were exchanged, compared to its average volume of 6,203,115. The stock has a market capitalization of $6,103.87, a price-to-earnings ratio of 17.22, a PEG ratio of 2.03 and a beta of 0.46. Kimco Realty has a fifty-two week low of $13.70 and a fifty-two week high of $24.75. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $310.63 million for the quarter, compared to analyst estimates of $297.92 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. sell-side analysts expect that Kimco Realty will post 1.55 EPS for the current fiscal year.

In other Kimco Realty news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in KIM. Penserra Capital Management LLC acquired a new stake in Kimco Realty in the third quarter valued at approximately $105,000. Orinda Asset Management LLC acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $182,000. Kelman Lazarov Inc. acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $189,000. Eqis Capital Management Inc. acquired a new stake in Kimco Realty in the third quarter valued at approximately $201,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in Kimco Realty in the third quarter valued at approximately $203,000. Institutional investors own 91.37% of the company’s stock.

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About Kimco Realty

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Analyst Recommendations for Kimco Realty (NYSE:KIM)

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