Analysts have observed an increase in the holdings of Kimco Realty Corp by both IMS Investment Management Services Ltd. and Quadrant Capital Group LLC. However, aggressive disposals of assets are suggested to impact the company negatively. The company’s stock performance has been a mix of underperforming and outperforming its competitors. The stock has an average 'Hold' recommendation from analysts. A prediction has been made for a Q2 2024 Earnings of $0.39 per share for Kimco Realty Corp and plans of strategic acquisitions are in place to navigate through challenges. The price target for the stock has been lowered to $20.00 by Mizuho. A significant investment has been made by Norges Bank and new acquisitions by American Trust Investment Advisors LLC and Principal Financial Group Inc. Deutsche Bank also has maintained a hold even after lowering the stock PT to $20. Kimco has forecasted potential Q1 and Q2 earnings, strived to surpass estimates, and gave a revised outlook. Truist Financial reduced Kimco’s price target to $22.00 yet maintained a hold rating. Additionally, Kimco recently completed the RPT Realty buyout in an all-stock deal. The stock showed considerable fundamental strength with potential double-digit upside as suggested by its high occupancy and low valuation. There seems to be a suggestion that investors should react to the company CEO's pay, a strategic business move in evaluating after RPT Acquisition, and the call to investors for the Q1 2024 earnings call.
Kimco Realty Corp KIM News Analytics from Wed, 04 Aug 2021 07:00:00 GMT to Mon, 27 May 2024 00:30:23 GMT - Rating 5 - Innovation -3 - Information 6 - Rumor -8
