Kimco Realty (NYSE:KIM) Reaches New 52-Week High – Time to Buy?

Kimco Realty Corporation (NYSE:KIM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.33 and last traded at $24.31, with a volume of 89296 shares. The stock had previously closed at $24.11.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KIM. Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Truist Financial lifted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Kimco Realty Trading Up 0.8%

The firm’s 50-day moving average is $23.24 and its 200 day moving average is $21.89. 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 firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.31 and a beta of 0.97.

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. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. Kimco Realty’s payout ratio is 120.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC increased its stake in shares of Kimco Realty by 94.1% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 70,662 shares of the real estate investment trust’s stock valued at $1,544,000 after acquiring an additional 34,251 shares in the last quarter. M&T Bank Corp increased its stake in shares of Kimco Realty by 4,368.2% in the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after acquiring an additional 773,780 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Kimco Realty by 1.6% in the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after acquiring an additional 188,261 shares in the last quarter. Kettle Hill Capital Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $14,921,000. Finally, AE Wealth Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $4,653,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.