Stock of the Day

October 29, 2021

Kimco Realty (KIM)

$22.87
+$0.20 (+0.9%)
Market Cap: $15.32B

About Kimco Realty

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.

Today's Trend

Kimco Realty Corporation (NYSE: KIM) is trading lower as investors weigh mixed analyst commentary. Morgan Stanley raised its price target, while Barclays reduced its target but retained a bullish rating. The stock remains below both its 50-day and 200-day moving averages, which may be limiting near-term momentum.

  • Morgan Stanley increased its price target for Kimco Realty to $25 from $24 and maintained an “equal weight” rating. The revised target implies approximately 11.6% upside from the reference price, providing some support for the shares. Morgan Stanley Adjusts PT on Kimco Realty
  • Barclays continues to rate KIM “overweight” and sees substantial potential upside, with a $27 target representing roughly 20.5% upside from the reference price. Kimco Realty Stock Price Target Cut by Barclays
  • Kimco Realty is scheduled to report its next results on October 29. Trading updates ahead of the release indicate investors may be positioning cautiously for the upcoming earnings report. Kimco Realty Stock Ahead of October 29 Results
  • Barclays lowered its price target to $27 from $28, signaling somewhat less near-term upside despite retaining its “overweight” recommendation. This reduction may be weighing on sentiment alongside Morgan Stanley’s more cautious equal-weight stance. Barclays Adjusts Price Target on Kimco Realty

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