Kimco Realty (NYSE:KIM) Sets New 12-Month High – Still a Buy?

Kimco Realty Corporation (NYSE:KIM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $24.33 and last traded at $24.31, with a volume of 89296 shares. The stock had previously closed at $24.11.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KIM shares. Barclays lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Piper Sandler lifted their target price on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $25.00.

Kimco Realty Stock Down 0.4%

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 $16.48 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The company has a fifty day moving average of $23.30 and a 200 day moving average of $21.95.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 company had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Kimco Realty’s 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 anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. Kimco Realty’s payout ratio is presently 120.93%.

Hedge Funds Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently bought and sold shares of KIM. Norges Bank purchased a new position in Kimco Realty during the fourth quarter valued at $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kimco Realty by 541.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after purchasing an additional 5,322,009 shares in the last quarter. Invesco Ltd. lifted its position in Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after purchasing an additional 4,399,959 shares in the last quarter. Bank of America Corp DE lifted its position in Kimco Realty by 38.0% during the first quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock valued at $196,692,000 after purchasing an additional 2,412,675 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Kimco Realty by 10,776.5% during the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares in the last quarter. 89.25% of the stock is currently 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.