Kimco Realty Corporation (NYSE:KIM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kimco Realty Corporation (NYSE:KIM) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.8929.

Several brokerages have commented on KIM. Truist Financial decreased their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Morgan Stanley set a $23.50 price objective on shares of Kimco Realty in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Thursday, January 22nd. UBS Group reduced their target price on Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Barclays reiterated an “overweight” rating and set a $25.00 price target on shares of Kimco Realty in a report on Tuesday, January 13th.

Hedge Funds Weigh In On Kimco Realty

A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after buying an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Kimco Realty in the 1st quarter worth approximately $61,000. Truist Financial Corp boosted its stake in shares of Kimco Realty by 31.1% during the 2nd quarter. Truist Financial Corp now owns 15,529 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 3,686 shares during the period. Finally, Leo Wealth LLC purchased a new position in shares of Kimco Realty during the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $22.02 on Friday. The stock’s fifty day simple moving average is $20.63 and its 200 day simple moving average is $21.14. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $22.97.

About Kimco Realty

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.