Kimco Realty (NYSE:KIM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Kimco Realty (NYSE:KIM) had its price target lifted by equities research analysts at Piper Sandler from $28.00 to $31.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price target would suggest a potential upside of 18.57% from the stock’s current price.

A number of other research analysts have also recently weighed in on KIM. Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Evercore set a $25.00 price objective on Kimco Realty in a report on Friday, May 1st. Truist Financial lifted their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.06.

Kimco Realty Stock Performance

NYSE:KIM opened at $26.14 on Tuesday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $17.63 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.87 and a beta of 0.95. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $26.45. The firm’s 50 day moving average is $24.81 and its two-hundred day moving average is $23.29.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. Kimco Realty’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. 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.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after purchasing an additional 773,780 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $900,000. Geode Capital Management LLC increased its holdings in Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after purchasing an additional 223,936 shares during the last quarter. Strs Ohio increased its holdings in Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after purchasing an additional 613,876 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Kimco Realty by 7.5% in the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after purchasing an additional 443,046 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company Profile

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.