Kimco Realty Corporation (NYSE:KIM) Stock Has Consensus Target Price of $26.53

Shares of Kimco Realty Corporation (NYSE:KIM) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $26.29.

KIM has been the topic of a number of research analyst reports. UBS Group set a $23.00 target price on Kimco Realty in a report on Thursday. Citigroup increased their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research note on Thursday, June 11th. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Finally, Mizuho cut their target price on shares of Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday.

Kimco Realty Stock Up 0.8%

Kimco Realty stock opened at $22.43 on Friday. 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 has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The firm has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $24.03. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.58 and a beta of 0.93.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, analysts forecast that Kimco Realty will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were given a $0.28 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 5.0%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is 131.76%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KIM. Legal & General Group Plc raised its holdings in 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 acquiring an additional 443,046 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% during the fourth 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 period. Cetera Investment Advisers boosted its holdings in Kimco Realty by 144.4% during the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after purchasing an additional 116,811 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after purchasing an additional 48,672 shares during the period. Finally, Strs Ohio raised its holdings in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after buying an additional 613,876 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.