Analysts Set Kimco Realty Corporation (NYSE:KIM) Price Target at $25.71

Shares of Kimco Realty Corporation (NYSE:KIM) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $25.8824.

Several brokerages recently commented on KIM. Barclays raised their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Scotiabank lifted their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Raymond James Financial restated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. Truist Financial lifted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company upped their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in shares of Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its position in Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC grew its holdings in Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 530 shares during the last quarter. Root Financial Partners LLC grew its holdings in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 546 shares during the last quarter. Finally, Norinchukin Bank The increased its position in Kimco Realty by 0.8% in the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 603 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.2%

Shares of KIM stock traded down $0.06 during mid-day trading on Tuesday, reaching $24.88. The company’s stock had a trading volume of 3,449,983 shares, compared to its average volume of 4,706,285. 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 firm has a market capitalization of $16.78 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95. The company’s 50 day simple moving average is $24.46 and its 200-day simple moving average is $22.96. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.08.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, research analysts predict that Kimco Realty will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.2%. Kimco Realty’s dividend payout ratio is currently 120.93%.

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.