Kimco Realty (NYSE:KIM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Kimco Realty (NYSE:KIM) had its price objective increased by Piper Sandler from $28.00 to $31.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price objective indicates a potential upside of 19.25% from the stock’s current price.

KIM has been the subject of a number of other research reports. UBS Group raised their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Morgan Stanley upped their price objective on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Finally, Raymond James Financial restated a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.06.

Kimco Realty Price Performance

Shares of NYSE:KIM traded down $0.04 during midday trading on Tuesday, reaching $26.00. The company’s stock had a trading volume of 975,126 shares, compared to its average volume of 5,266,472. The business’s fifty day simple moving average is $24.70 and its 200-day simple moving average is $23.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $26.45. The company has a market capitalization of $17.53 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.88 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts expect that Kimco Realty will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after buying an additional 38,554 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Kimco Realty in the 1st quarter valued at $61,000. Quantbot Technologies LP bought a new stake in shares of Kimco Realty in the 2nd quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC grew its stake in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares during the period. Institutional investors own 89.25% of the company’s stock.

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.