Kimco Realty (NYSE:KIM) Upgraded to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Kimco Realty (NYSE:KIM) to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

Several other brokerages have also issued reports on KIM. JPMorgan Chase & Co. increased their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Wolfe Research upgraded shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research report on Thursday, June 11th. Finally, Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.50.

Kimco Realty Trading Up 1.4%

NYSE:KIM opened at $25.88 on Friday. Kimco Realty has a 12 month low of $19.76 and a 12 month high of $26.08. 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 company has a 50-day moving average price of $24.18 and a 200-day moving average price of $22.61. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 2.81 and a beta of 0.96.

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 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 during the quarter, compared to analyst estimates of $542.73 million. During the same period last year, the business posted $0.44 earnings per share. Kimco Realty’s quarterly 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. Equities analysts predict that Kimco Realty will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its position 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 purchasing an additional 2,829 shares during the period. Compass Capital Management Inc. purchased a new stake in shares of Kimco Realty in the first quarter worth about $262,000. Paragon Private Wealth Management LLC grew its holdings in Kimco Realty by 22.5% during the first 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 during the period. Bank of America Corp DE grew its holdings in Kimco Realty by 38.0% during the first 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 during the period. Finally, Edgestream Partners L.P. purchased a new position in Kimco Realty during the first quarter valued at approximately $2,999,000. Hedge funds and other institutional investors 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.