Kimco Realty (NYSE:KIM) Cut to Sell at Wall Street Zen

Kimco Realty (NYSE:KIM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Other equities analysts have also issued research reports about the company. Scotiabank reduced their target price on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Argus restated a “buy” rating and issued a $27.00 price objective on shares of Kimco Realty in a research note on Monday, December 1st. Citigroup decreased their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Wells Fargo & Company cut their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Finally, LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.33.

Kimco Realty Trading Down 0.3%

Kimco Realty stock opened at $20.37 on Friday. The stock has a 50-day moving average of $20.62 and a two-hundred day moving average of $21.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty has a one year low of $17.93 and a one year high of $23.71. The stock has a market cap of $13.79 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. Kimco Realty’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, research analysts anticipate that Kimco Realty will post 1.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the sale, the director owned 40,260 shares of the company’s stock, valued at $872,031.60. This trade represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Kimco Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Values First Advisors Inc. grew its stake in Kimco Realty by 1.7% in the 3rd quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 450 shares during the period. Quadrant Capital Group LLC lifted its holdings in Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 520 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Kimco Realty by 5.0% during the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 603 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.