Kimco Realty (NYSE:KIM) Reaches New 52-Week High – Here’s Why

Kimco Realty Corporation (NYSE:KIM)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.08 and last traded at $25.8890, with a volume of 6563181 shares traded. The stock had previously closed at $25.91.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KIM. JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research report on Thursday. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.33.

Kimco Realty Price Performance

The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $22.30. The company has a market cap of $17.43 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business 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 business posted $0.44 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its stake in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the period. Brown Lisle Cummings Inc. grew its position in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares during the period. Root Financial Partners LLC increased its holdings 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. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the second quarter valued at about $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty during the 2nd quarter valued at approximately $42,000. 89.25% of the stock is owned by institutional investors and hedge funds.

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.