Kimco Realty (NYSE:KIM) Sees Large Volume Increase – Here’s Why

Kimco Realty Corporation (NYSE:KIM) shares saw strong trading volume on Thursday . 5,405,954 shares traded hands during trading, an increase of 2% from the previous session’s volume of 5,287,679 shares.The stock last traded at $25.8510 and had previously closed at $25.38.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Scotiabank upped their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.33.

Kimco Realty Trading Up 0.5%

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 market cap of $17.45 billion, a P/E ratio of 30.08, a PEG ratio of 2.46 and a beta of 0.96. The firm’s 50-day simple moving average is $23.76 and its 200 day simple moving average is $22.29.

Kimco Realty (NYSE:KIM) last posted its earnings results 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. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. Kimco Realty’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in shares of Kimco Realty by 46.0% in the first quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 2,829 shares in the last quarter. Compass Capital Management Inc. bought a new position in shares of Kimco Realty in the first quarter valued at approximately $262,000. Paragon Private Wealth Management LLC boosted its holdings in shares of Kimco Realty by 22.5% in the first quarter. Paragon Private Wealth Management LLC now owns 19,828 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 3,645 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Kimco Realty by 38.0% in 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 acquiring an additional 2,412,675 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Kimco Realty in the first quarter valued at approximately $2,999,000. 89.25% of the stock is currently owned by 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.