Robert W. Baird Forecasts Strong Price Appreciation for Kimco Realty (NYSE:KIM) Stock

Kimco Realty (NYSE:KIM) had its price target hoisted by equities researchers at Robert W. Baird from $23.00 to $26.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 4.75% from the stock’s previous close.

KIM has been the topic of a number of other research reports. Compass Point raised their price target on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, August 16th. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Evercore ISI increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $24.82 on Tuesday. The stock’s 50-day simple moving average is $23.67 and its two-hundred day simple moving average is $21.44. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.19. The firm has a market capitalization of $16.73 billion, a P/E ratio of 45.13, a P/E/G ratio of 3.26 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted 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 company had revenue of $507.63 million during 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%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. As a group, equities analysts anticipate that Kimco Realty will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of KIM. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Kimco Realty during the 3rd quarter valued at $37,000. Blue Trust Inc. grew its position in shares of Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,816 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 773 shares in the last quarter. Finally, Castleview Partners LLC purchased a new position in Kimco Realty during the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Company Profile

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.