Kimco Realty Corporation (NYSE:KIM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have received an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.5556.

A number of equities analysts have recently weighed in on the company. Scotiabank upped their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. Finally, Truist Financial lifted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $23.78 on Wednesday. The stock has a market cap of $15.95 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.65. The firm has a fifty day moving average price of $25.04 and a 200-day moving average price of $24.03. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.

Kimco Realty (NYSE:KIM) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. During the same quarter in the previous year, the company earned $0.44 EPS. Kimco Realty’s revenue for the quarter was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Equities analysts anticipate that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, September 4th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 131.76%.

Institutional Investors Weigh In On Kimco Realty

Several large investors have recently made changes to their positions in KIM. Zions Bancorporation National Association UT grew its holdings in Kimco Realty by 270.4% during the 4th 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. Root Financial Partners LLC boosted its position in shares of 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 valued at $32,000 after acquiring an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty during the 2nd quarter valued at approximately $37,000. MUFG Securities EMEA plc purchased a new position in shares of Kimco Realty in the second quarter valued at $42,000. Finally, Clearstead Advisors LLC increased its position in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

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.