Kimco Realty (NYSE:KIM) Posts Earnings Results, Hits Expectations

Kimco Realty (NYSE:KIM) released its earnings results on Friday. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42, Zacks reports. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty updated its FY 2025 guidance to 1.700-1.720 EPS.

Kimco Realty Stock Up 1.0 %

NYSE:KIM traded up $0.22 during trading hours on Friday, reaching $22.63. The company’s stock had a trading volume of 4,024,958 shares, compared to its average volume of 4,458,965. The business’s 50-day moving average is $23.28 and its 200-day moving average is $23.33. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty has a one year low of $17.57 and a one year high of $25.83. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KIM. Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Friday, December 20th. Mizuho raised their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Finally, UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.97.

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.