Kimco Realty (NYSE:KIM) Hits New 52-Week High – What’s Next?

Shares of Kimco Realty Corporation (NYSE:KIM) hit a new 52-week high during trading on Tuesday . The company traded as high as $24.84 and last traded at $24.97, with a volume of 357957 shares traded. The stock had previously closed at $24.24.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. 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 research report on Thursday, March 19th. Finally, Barclays lifted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.14.

Kimco Realty Stock Performance

The firm’s 50 day moving average is $23.63 and its two-hundred day moving average is $22.23. The stock has a market capitalization of $17.15 billion, a PE ratio of 29.58, a P/E/G ratio of 2.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share 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 firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’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. As a group, research analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, June 5th. Kimco Realty’s payout ratio is 120.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Kimco Realty by 46.0% during the 1st quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 2,829 shares in the last quarter. Compass Capital Management Inc. acquired a new position in Kimco Realty during the 1st quarter worth approximately $262,000. Paragon Private Wealth Management LLC grew its holdings in Kimco Realty by 22.5% during the 1st quarter. Paragon Private Wealth Management LLC now owns 19,828 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 3,645 shares in the last quarter. Bank of America Corp DE grew its holdings in Kimco Realty by 38.0% during the 1st quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock worth $196,692,000 after acquiring an additional 2,412,675 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Kimco Realty during the 1st quarter worth approximately $2,999,000. Institutional investors and hedge funds 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.