Kimco Realty (NYSE:KIM) PT Lowered to $21.00

Kimco Realty (NYSE:KIM) had its price target cut by research analysts at Robert W. Baird from $23.00 to $21.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective suggests a potential upside of 13.45% from the stock’s current price.

Other analysts have also issued research reports about the stock. Citigroup restated a “neutral” rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Piper Sandler raised their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. TheStreet upgraded shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Thursday, December 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Finally, Mizuho cut their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.67.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $18.51 on Thursday. The company’s 50 day simple moving average is $19.53 and its 200 day simple moving average is $19.29. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 3.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. Kimco Realty has a 1 year low of $16.34 and a 1 year high of $22.83.

Insider Transactions at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Kimco Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Kimco Realty during the 4th quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in Kimco Realty during the 4th quarter valued at $27,000. Principal Securities Inc. purchased a new stake in Kimco Realty during the 4th quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Kimco Realty during the 3rd quarter valued at $27,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Kimco Realty during the 4th quarter valued at $33,000. Institutional investors 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.