Investment analysts at Scotiabank started coverage on shares of Kimco Realty (NYSE:KIM) in a research report issued on Tuesday, October 16th, The Fly reports. The brokerage set an “underperform” rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price target on shares of Kimco Realty in a research report on Friday, July 27th. Sandler O’Neill reaffirmed a “hold” rating and issued a $18.00 price target on shares of Kimco Realty in a research report on Friday, July 27th. Wells Fargo & Co boosted their price target on Kimco Realty from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. Finally, ValuEngine raised Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.15.

Shares of NYSE KIM traded down $0.01 during mid-day trading on Tuesday, reaching $16.28. The company had a trading volume of 1,794,976 shares, compared to its average volume of 4,408,974. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.90. Kimco Realty has a 1-year low of $13.16 and a 1-year high of $19.53. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.19 and a beta of 0.33.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, October 25th. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.17). Kimco Realty had a net margin of 40.14% and a return on equity of 8.74%. The firm had revenue of $283.08 million during the quarter, compared to analysts’ expectations of $281.73 million. As a group, analysts anticipate that Kimco Realty will post 1.45 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new position in Kimco Realty in the 2nd quarter valued at approximately $172,000. Virtu Financial LLC acquired a new position in Kimco Realty in the 2nd quarter valued at approximately $173,000. MML Investors Services LLC acquired a new position in Kimco Realty in the 3rd quarter valued at approximately $185,000. Advisor Partners LLC acquired a new position in Kimco Realty in the 2nd quarter valued at approximately $192,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $198,000. 85.93% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

Kimco Realty Corp. (NYSE: KIM) 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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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