Kimco Realty Corporation (NYSE:KIM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Kimco Realty Corporation (NYSE:KIM) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $25.7059.

A number of brokerages have commented on KIM. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Barclays increased their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Morgan Stanley boosted their price objective 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. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th.

Institutional Trading of Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the company. M&T Bank Corp grew 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 buying an additional 773,780 shares in the last quarter. Kettle Hill Capital Management LLC bought a new position in Kimco Realty during the third quarter valued at approximately $14,921,000. Runnymede Capital Advisors Inc. acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $900,000. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in Kimco Realty in the third quarter worth approximately $4,511,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 1.8%

NYSE:KIM traded up $0.46 during trading hours on Tuesday, hitting $25.51. 226,242 shares of the stock traded hands, compared to its average volume of 5,391,037. The firm has a 50 day moving average price of $24.36 and a 200 day moving average price of $22.85. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.79 and a beta of 0.95. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week 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.

Kimco Realty (NYSE:KIM) last issued 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 return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter last year, the firm posted $0.44 earnings per share. Kimco Realty’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. Equities research analysts anticipate that Kimco Realty will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

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

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.