Analyst Ratings For Kimco Realty
Portfolio Pulse from Benzinga Insights
Kimco Realty (NYSE:KIM) received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent. The average 12-month price target is $22.44, up from the previous $21.62. Mizuho, Piper Sandler, Stifel, and Truist Securities analysts have adjusted their price targets, with three raising and one lowering their targets. Kimco Realty, a large REIT, showed a revenue growth of 2.92% and a high net margin of 25.1%, but a lower than average ROE of 1.17% and an above-average ROA of 0.62%. The company's debt-to-equity ratio is 0.75, below the industry average.
January 10, 2024 | 6:01 pm
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Kimco Realty has a mixed outlook from analysts, with an average 12-month price target of $22.44, indicating a potential upside. The company's strong revenue growth and net margin are positive, but its lower ROE may concern investors.
The increase in the average price target suggests a positive outlook, which could lead to a short-term increase in stock price. The company's solid financial performance, indicated by revenue growth and net margin, supports this view. However, the lower ROE might temper investor enthusiasm, but the overall impact is likely to be positive given the weight of the positive financial indicators and analyst upgrades.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100