Kimco Realty The real estate investment trust reported Wednesday fourth-quarter earnings of $31.6 million, or 8 cents a share, an increase from year-earlier earnings of $22.2 million, or 2 cents a share. Kimco Realty was upgraded to a buy from a hold by TheStreet Ratings. The company has a forward P/E of 53.29; the average for retail REITs is 57.58. For comparison, Realty Income ( O) has a lower forward P/E of 34.48 and Macerich ( MAC) has a forward P/E of 54.44. Twelve of the 21 analysts who cover Kimco Realty rated it a hold. Eight analysts gave the company a buy rating and one rated it a sell. TheStreet Ratings gives Kimco Realty a B grade and $21.78 price target. The stock closed Thursday at $18.65 and has risen 14.84% year to date.