Kimco Realty (NYSE:KIM – Get Free Report) had its target price increased by equities researchers at Citigroup from $24.00 to $26.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 7.15% from the company’s previous close.
A number of other research firms have also recently weighed in on KIM. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. UBS Group lifted their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a report on Friday, June 26th. Scotiabank boosted their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Evercore set a $25.00 price objective on Kimco Realty in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $26.41.
Check Out Our Latest Stock Analysis on KIM
Kimco Realty Trading Down 0.8%
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its stake in shares of Kimco Realty by 4,368.2% during the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after buying an additional 773,780 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the period. Legal & General Group Plc grew its position in Kimco Realty by 7.5% during the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after acquiring an additional 443,046 shares during the last quarter. Strs Ohio grew its position in Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after acquiring an additional 613,876 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after purchasing an additional 48,672 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.
About Kimco Realty
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.
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