Kimco Realty (NYSE:KIM) Given New $30.00 Price Target at UBS Group

Kimco Realty (NYSE:KIM) had its price target hoisted by analysts at UBS Group from $25.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target suggests a potential upside of 20.24% from the company’s previous close.

Several other research firms have also weighed in on KIM. JPMorgan Chase & Co. increased their target price on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Truist Financial upped their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Compass Point upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.95.

Kimco Realty Price Performance

KIM stock traded up $0.29 during trading on Friday, hitting $24.95. The company had a trading volume of 933,291 shares, compared to its average volume of 4,579,005. The company has a fifty day moving average price of $23.57 and a two-hundred day moving average price of $21.27. Kimco Realty has a fifty-two week low of $17.51 and a fifty-two week high of $25.04. The company has a market cap of $16.82 billion, a P/E ratio of 45.36, a P/E/G ratio of 4.08 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. Equities research analysts expect that Kimco Realty will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently made changes to their positions in KIM. ProShare Advisors LLC increased its holdings in Kimco Realty by 71.0% during the first quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock worth $3,531,000 after buying an additional 74,729 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kimco Realty by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after purchasing an additional 7,931,013 shares during the period. Forsta AP Fonden lifted its stake in Kimco Realty by 232.9% in the 1st quarter. Forsta AP Fonden now owns 435,800 shares of the real estate investment trust’s stock valued at $8,546,000 after purchasing an additional 304,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock worth $73,195,000 after purchasing an additional 103,861 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Kimco Realty by 11.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,107,569 shares of the real estate investment trust’s stock worth $21,720,000 after buying an additional 109,758 shares during the last quarter. 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.