Kimco Realty (NYSE:KIM) PT Lowered to $21.00 at Robert W. Baird

Kimco Realty (NYSE:KIM) had its price target reduced by research analysts at Robert W. Baird from $23.00 to $21.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 11.94% from the stock’s previous close.

A number of other equities analysts have also recently commented on KIM. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price on the stock. TheStreet upgraded shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Thursday, December 7th. Citigroup restated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Piper Sandler upped their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Finally, Mizuho cut their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and an average price target of $21.81.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $18.76 on Thursday. The firm’s 50-day moving average price is $19.61 and its 200-day moving average price is $19.30. Kimco Realty has a 52-week low of $16.34 and a 52-week high of $22.83. The company has a market cap of $12.65 billion, a PE ratio of 18.39, a PEG ratio of 3.66 and a beta of 1.45. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the transaction, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Kimco Realty

Several institutional investors and hedge funds have recently made changes to their positions in KIM. SG Americas Securities LLC grew its holdings in shares of Kimco Realty by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock worth $4,406,000 after buying an additional 91,161 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Kimco Realty in the fourth quarter valued at approximately $8,217,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kimco Realty during the third quarter worth approximately $385,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Kimco Realty by 6.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after purchasing an additional 55,450 shares during the period. Finally, Vision Capital Corp purchased a new position in Kimco Realty in the 3rd quarter valued at $9,674,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

About Kimco Realty

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.