Kimco Realty (KIM – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Juan C. Sanabria from BMO Capital maintained a Hold rating on the stock and has a $25.00 price target.
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Juan C. Sanabria has given his Hold rating due to a combination of factors related to Kimco Realty’s performance and outlook. The company’s financial results for the fourth quarter of 2024 were in line with expectations, showing a solid same-store net operating income (SSNOI) growth of 4.5%, despite a sequential decline in economic occupancy. While the 2025 guidance introduces moderate SSNOI growth, the anticipated earnings are supported by lower general and administrative expenses and higher termination fees.
However, there are concerns regarding the credit loss, which has shown an increase to 86 basis points of revenues. This development, along with the company’s active participation in new investments and structured deals, adds an element of uncertainty. Overall, while Kimco Realty is on a stable footing, these mixed signals and potential risks justify maintaining a Hold rating as analysts closely monitor the company’s credit loss progress and investment activities.
In another report released today, Deutsche Bank also maintained a Hold rating on the stock with a $24.00 price target.