Stifel Maintains Kimco Realty (KIM) Buy Recommendation

Fintel reports that on August 31, 2023, Stifel maintained coverage of Kimco Realty (NYSE:KIM) with a Buy recommendation.

Analyst Price Forecast Suggests 22.04% Upside

As of August 31, 2023, the average one-year price target for Kimco Realty is 23.18. The forecasts range from a low of 20.20 to a high of $27.30. The average price target represents an increase of 22.04% from its latest reported closing price of 18.99.

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The projected annual revenue for Kimco Realty is 1,750MM, a decrease of 0.51%. The projected annual non-GAAP EPS is 0.71.

What is the Fund Sentiment?

There are 1117 funds or institutions reporting positions in Kimco Realty. This is a decrease of 46 owner(s) or 3.96% in the last quarter. Average portfolio weight of all funds dedicated to KIM is 0.27%, a decrease of 2.61%. Total shares owned by institutions increased in the last three months by 1.40% to 651,060K shares. The put/call ratio of KIM is 6.88, indicating a bearish outlook.

What are Other Shareholders Doing?

Cohen & Steers holds 45,471K shares representing 7.34% ownership of the company. In it's prior filing, the firm reported owning 32,728K shares, representing an increase of 28.02%. The firm increased its portfolio allocation in KIM by 36.84% over the last quarter.

VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 27,180K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 27,584K shares, representing a decrease of 1.49%. The firm decreased its portfolio allocation in KIM by 6.71% over the last quarter.

Jpmorgan Chase holds 25,226K shares representing 4.07% ownership of the company. In it's prior filing, the firm reported owning 22,316K shares, representing an increase of 11.53%. The firm increased its portfolio allocation in KIM by 710.83% over the last quarter.

Capital Research Global Investors holds 20,038K shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 20,029K shares, representing an increase of 0.04%. The firm decreased its portfolio allocation in KIM by 5.15% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,288K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 19,125K shares, representing an increase of 0.84%. The firm decreased its portfolio allocation in KIM by 6.05% over the last quarter.

Kimco Realty Background Information
(This description is provided by the company.)

Kimco Realty Corp. 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 December 31, 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 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.

Additional reading:

• AGREEMENT AND PLAN OF MERGER BY AND AMONG KIMCO REALTY CORPORATION, KIMCO REALTY OP, LLC, TARPON ACQUISITION SUB, LLC, TARPON OP ACQUISITION SUB, LLC, RPT REALTY RPT REALTY, L.P. DATED AS OF AUGUST 28, 2023
• Kimco Realty® to Acquire RPT Realty in All-Stock Transaction
• Investor Presentation Kimco Acquisition of RPT Realty August 28, 2023 Mary Brickell Village Miami, FL Safe Harbor Forward Looking Statements This communication contains certain “forward-looking” statements within the meaning of Section 27A of the Sec

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