Kimco Realty (NYSE:KIM) Sets New 1-Year High – Time to Buy?

Kimco Realty Corporation (NYSE:KIM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $26.08 and last traded at $25.8890, with a volume of 6563181 shares changing hands. The stock had previously closed at $25.91.

Analyst Ratings Changes

KIM has been the subject of several research reports. Barclays increased their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Piper Sandler upped their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. 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. Scotiabank upped their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.33.

Kimco Realty Price Performance

The firm’s 50-day moving average price is $23.87 and its 200-day moving average price is $22.37. 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 capitalization of $16.93 billion, a PE ratio of 29.19, a PEG ratio of 2.90 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $558.02 million for 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%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is 120.93%.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC raised its position in Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC raised its position in Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares during the period. Root Financial Partners LLC raised its position in Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares during the period. Finally, Bleakley Financial Group LLC raised its position in Kimco Realty by 5.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

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.