Scotiabank has revised its price target for Kimco Realty (KIM, Financial), reducing it from $24 to $23, while maintaining a Sector Perform rating. The adjustment comes as part of a broader evaluation of U.S. Retail Real Estate Investment Trusts (REITs), taking into account several influencing factors. The bank's analysis covers the potential effects of tariffs, the patterns in retail foot traffic, and the risks associated with tenant bankruptcies.
This revision highlights the ongoing challenges within the retail sector, where economic pressures and changing consumer behaviors are impacting property performance and, by extension, investment outlooks. Investors are being advised to consider these dynamics when evaluating retail-focused REITs like Kimco Realty.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Kimco Realty Corp (KIM, Financial) is $24.58 with a high estimate of $30.00 and a low estimate of $21.00. The average target implies an upside of 20.21% from the current price of $20.45. More detailed estimate data can be found on the Kimco Realty Corp (KIM) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Kimco Realty Corp's (KIM, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kimco Realty Corp (KIM, Financial) in one year is $23.29, suggesting a upside of 13.89% from the current price of $20.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kimco Realty Corp (KIM) Summary page.
