The Kimco Realty Corporation (KIM) Given a $21.00 Price Target at BMO Capital Markets

The Kimco Realty Corporation (KIM) Given a $21.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $21.00 price objective on Kimco Realty Corporation (NYSE:KIM) in a research note published on Wednesday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Kimco Realty Corporation from a hold rating to a sell rating in a research note on Wednesday, July 5th. Argus cut Kimco Realty Corporation from a buy rating to a hold rating in a research note on Monday, August 28th. They noted that the move was a valuation call. Barclays PLC reaffirmed an overweight rating and set a $23.00 target price (up previously from $22.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Citigroup Inc reaffirmed a neutral rating and set a $19.50 target price (down previously from $21.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Finally, BidaskClub raised Kimco Realty Corporation from a sell rating to a hold rating in a research note on Tuesday, June 27th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Kimco Realty Corporation has a consensus rating of Hold and an average target price of $24.43.

Shares of Kimco Realty Corporation (NYSE:KIM) traded down 1.433% on Wednesday, hitting $18.225. 6,104,092 shares of the stock traded hands. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 37.118 and a beta of 0.67. The company’s 50 day moving average is $19.51 and its 200 day moving average is $19.47. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $27.26.

Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $295.34 million. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Kimco Realty Corporation by 1.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,516,611 shares of the real estate investment trust’s stock valued at $27,830,000 after buying an additional 14,883 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Kimco Realty Corporation by 10.2% during the 2nd quarter. GAM Holding AG now owns 81,733 shares of the real estate investment trust’s stock valued at $1,500,000 after buying an additional 7,585 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Kimco Realty Corporation by 40.1% during the 2nd quarter. Andra AP fonden now owns 234,600 shares of the real estate investment trust’s stock valued at $4,305,000 after buying an additional 67,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kimco Realty Corporation by 26.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,289,479 shares of the real estate investment trust’s stock valued at $78,711,000 after buying an additional 891,461 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Kimco Realty Corporation by 25.6% during the 2nd quarter. LS Investment Advisors LLC now owns 25,763 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 5,248 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Kimco Realty Corporation Company Profile

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.

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