Kimco Realty (NYSE:KIM) Downgraded by StockNews.com to Sell

Kimco Realty (NYSE:KIMGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities analysts have also recently commented on the stock. Jefferies Financial Group raised shares of Kimco Realty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $29.00 in a research note on Monday, January 10th. Mizuho lifted their price objective on shares of Kimco Realty from $26.00 to $27.00 in a research note on Thursday, January 20th. Argus raised shares of Kimco Realty from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 5th. Morgan Stanley cut shares of Kimco Realty from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $26.00 to $26.50 in a research note on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Monday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $26.10.

KIM opened at $25.13 on Friday. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.98 and a beta of 1.49. The company has a fifty day moving average of $24.08 and a 200 day moving average of $23.68. Kimco Realty has a fifty-two week low of $19.07 and a fifty-two week high of $25.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 2.68.

Kimco Realty (NYSE:KIMGet Rating) last posted its earnings results on Thursday, February 10th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The company had revenue of $424.65 million for the quarter, compared to analysts’ expectations of $375.81 million. Kimco Realty had a net margin of 61.39% and a return on equity of 10.55%. The business’s revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts forecast that Kimco Realty will post 1.51 earnings per share for the current year.

In related news, Director Frank Lourenso sold 8,188 shares of Kimco Realty stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $23.45, for a total transaction of $192,008.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Ritholtz Wealth Management raised its holdings in shares of Kimco Realty by 5.4% in the 1st quarter. Ritholtz Wealth Management now owns 45,293 shares of the real estate investment trust’s stock valued at $1,119,000 after purchasing an additional 2,316 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Kimco Realty by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 389,587 shares of the real estate investment trust’s stock worth $9,621,000 after buying an additional 3,190 shares during the last quarter. Payden & Rygel grew its position in shares of Kimco Realty by 11.8% in the 1st quarter. Payden & Rygel now owns 70,300 shares of the real estate investment trust’s stock worth $1,736,000 after buying an additional 7,400 shares during the last quarter. Redpoint Investment Management Pty Ltd grew its position in shares of Kimco Realty by 11.7% in the 1st quarter. Redpoint Investment Management Pty Ltd now owns 49,891 shares of the real estate investment trust’s stock worth $1,232,000 after buying an additional 5,235 shares during the last quarter. Finally, Old Port Advisors grew its position in shares of Kimco Realty by 1.6% in the 1st quarter. Old Port Advisors now owns 123,102 shares of the real estate investment trust’s stock worth $3,052,000 after buying an additional 1,979 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Kimco Realty Company Profile (Get Rating)

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.

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