Kimco Realty Corporation (NYSE:KIM) Receives Average Rating of “Hold” from Brokerages

Kimco Realty Corporation (NYSE:KIM) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $25.3333.

A number of research analysts recently issued reports on KIM shares. Piper Sandler boosted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Barclays boosted their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Truist Financial boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th.

Kimco Realty Stock Up 1.6%

Shares of NYSE KIM opened at $25.77 on Friday. The stock has a market cap of $17.38 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.91 and a beta of 0.96. The firm has a 50 day moving average price of $23.70 and a 200 day moving average price of $22.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.04.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts expect that Kimco Realty will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.0%. Kimco Realty’s payout ratio is presently 120.93%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Zions Bancorporation National Association UT lifted its stake in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty in the second quarter worth $37,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Kimco Realty in the second quarter worth $42,000. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.