Streetbeat News

KIM

Kimco Realty Corporation

https://www.kimcorealty.com

Industry

REIT - Retail

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years.

Open

21.75

Mkt cap

15B

Volume

6.1M

High

22.12

P/E Ratio

40.18

52-wk high

25.83

Low

21.66

Div yield

0.04

52-wk low

17.57

Kimco Realty (NYSE:KIM) has been analyzed by 5 analysts in the last three months, showing a mix of bullish to indifferent sentiments. The average 12-month price target is $22.2, with recent actions including both raises and lowers in ratings and price targets by analysts from Evercore ISI Group, Jefferies, Mizuho, and Piper Sandler. Kimco Realty, a significant player in the real estate investment trust sector, has shown a revenue growth of 2.68% as of December 31, 2023, but faces challenges in net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:00 pm

Evercore ISI Group analyst Steve Sakwa maintains an In-Line rating on Kimco Realty (NYSE:KIM) and lowers the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:10 pm

Jefferies analyst Linda Tsai maintains a Buy rating on Kimco Realty (KIM) but lowers the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:03 pm

Analysts have recently updated their evaluations of Kimco Realty (NYSE:KIM), with a mix of bullish and somewhat bullish ratings over the last three months. The average 12-month price target for KIM has been raised to $22.69, reflecting a 4.95% increase from the previous target. Key financial indicators show Kimco Realty's strong market presence but highlight challenges in revenue growth, net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

Kimco Realty reported a Q4 pro-rata portfolio occupancy of 96.2%, marking a 70-basis-point sequential increase, the largest in over 15 years.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:55 am

Kimco Realty has provided its 2024 FFO (Funds From Operations) guidance, forecasting a range of $1.54-$1.58. This projection falls below the consensus expectations of $1.62.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:54 am

Kimco Realty (NYSE:KIM) reported Q4 earnings of $0.39 per share, meeting analyst estimates, and sales of $451.60M, beating estimates of $448.36M. This represents a year-over-year earnings increase of 2.63% and sales increase of 2.68%.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:51 am

Numerous companies are scheduled to report their quarterly earnings on February 8, 2024, with a mix of expected profits and losses across various sectors. Notable mentions include Ares Management, ArcelorMittal, and AstraZeneca among others, indicating a broad spectrum of financial health and industry performance.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:43 am

The office real estate market faces a challenging period with $2.77 trillion of commercial real estate debt maturing from 2023 to 2027, nearly $500 billion in 2024 alone. High interest rates and declining property values complicate refinancing. The Fed Beige Book noted suppressed transactions and concerns over credit performance. Stocks in the sector, including the VanEck Office and Commercial REIT ETF (DESK), have declined. Worst-performing CRE stocks include Office Properties Income Trust (OPI), Orion Office REIT Inc. (ONL), Hudson Pacific Properties, Inc. (HPP), Paramount Group, Inc. (PGRE), Vornado Realty Trust (VNO), and Kimco Realty Corporation (KIM). The broader market and real estate sector, represented by SPDR S&P 500 ETF Trust (SPY) and Real Estate Select Sector SPDR Fund (XLRE), have outperformed the office real estate segment.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 3:26 pm

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.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:01 pm

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