Kimco Realty (KIM) PT Set at $18.00 by SunTrust Banks
Kimco Realty (NYSE:KIM) has been given a $18.00 target price by equities research analysts at SunTrust Banks in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ target price suggests a potential upside of 8.56% from the company’s previous close. SunTrust Banks also issued estimates for Kimco Realty’s FY2018 earnings at $1.53 EPS, FY2019 earnings at $1.58 EPS and FY2022 earnings at $1.72 EPS.
Other research analysts have also recently issued reports about the company. Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of Kimco Realty in a report on Friday, November 10th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a report on Friday, October 27th. BMO Capital Markets set a $21.00 price objective on Kimco Realty and gave the company a “hold” rating in a report on Wednesday, October 25th. Mizuho reissued a “hold” rating and set a $19.00 price objective on shares of Kimco Realty in a report on Monday, October 9th. Finally, Stifel Nicolaus started coverage on Kimco Realty in a report on Thursday, November 30th. They set a “hold” rating and a $19.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Kimco Realty presently has an average rating of “Hold” and an average target price of $21.84.
Kimco Realty (KIM) opened at $16.58 on Monday. The stock has a market capitalization of $6,984.97, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.65. Kimco Realty has a twelve month low of $16.35 and a twelve month high of $25.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.
In other Kimco Realty news, insider Milton Cooper purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.
A number of large investors have recently made changes to their positions in KIM. FMR LLC raised its holdings in Kimco Realty by 24.5% during the 2nd quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 2,408,799 shares during the last quarter. American Century Companies Inc. bought a new stake in Kimco Realty during the 3rd quarter worth about $44,360,000. Hamlin Capital Management LLC raised its holdings in Kimco Realty by 38.9% during the 3rd quarter. Hamlin Capital Management LLC now owns 4,330,610 shares of the real estate investment trust’s stock worth $84,663,000 after purchasing an additional 1,212,542 shares during the last quarter. Private Management Group Inc. bought a new stake in Kimco Realty during the 3rd quarter worth about $21,318,000. Finally, Third Avenue Management LLC bought a new stake in Kimco Realty during the 3rd quarter worth about $21,120,000. 91.62% of the stock is owned by hedge funds and other institutional investors.
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Kimco Realty Company Profile
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.
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