Kimco Realty Corporation (NYSE:KIM) Receives $26.12 Average PT from Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have been given a consensus rating of “Moderate Buy” by the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.1176.

Several research analysts have weighed in on KIM shares. Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Piper Sandler boosted their price target on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research report on Monday, June 29th. Finally, Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th.

Kimco Realty Stock Down 0.2%

Shares of KIM opened at $25.42 on Friday. The firm has a market cap of $17.14 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.65. The company’s 50-day moving average price is $25.17 and its 200 day moving average price is $23.60. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $1,596,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Kimco Realty during the second quarter worth about $7,892,000. Tema ETFs LLC lifted its position in shares of Kimco Realty by 9.9% during the second quarter. Tema ETFs LLC now owns 12,904 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 1,160 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Kimco Realty by 24.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 12,514 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 2,450 shares in the last quarter. Finally, First Bank & Trust boosted its stake in shares of Kimco Realty by 406.9% in the second quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 41,925 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.