Kimco Realty Corporation (NYSE:KIM) Stock Has Consensus Price Target of $25.88

Kimco Realty Corporation (NYSE:KIM) has earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.88.

Several research firms recently commented on KIM. 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, September 24th. Weiss Ratings lowered shares of Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. UBS Group dropped their price objective on shares of Kimco Realty from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th.

Kimco Realty Stock Up 1.0%

NYSE:KIM opened at $22.89 on Thursday. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.66 and a beta of 0.94. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average price is $23.19 and its 200 day moving average price is $23.98.

Kimco Realty (NYSE:KIM) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, sell-side analysts forecast 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 was paid on Thursday, September 17th. Investors of record on Friday, September 4th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.9%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s payout ratio is presently 131.76%.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares in the last quarter. IFP Advisors Inc increased its position in shares of Kimco Realty by 37.9% during the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 478 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Kimco Realty by 41.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 847 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of Kimco Realty by 100.0% during the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Kimco Realty during the second quarter worth $82,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.