Kimco Realty Corporation (NYSE:KIM) Receives $24.93 Consensus Price Target from Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.00.

A number of equities analysts have weighed in on KIM shares. Barclays increased their target price 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. Wells Fargo & Company increased their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a report on Friday, February 13th. Piper Sandler increased their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $24.15 on Monday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.29 billion, a PE ratio of 28.08, a P/E/G ratio of 1.31 and a beta of 0.97. Kimco Realty has a twelve month low of $19.76 and a twelve month high of $24.31. The company has a 50-day moving average price of $23.21 and a two-hundred day moving average price of $21.86.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts forecast that Kimco Realty will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is presently 120.93%.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Kimco Realty by 2.2% in the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after buying an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 223,936 shares in the last quarter. Invesco Ltd. raised its stake in Kimco Realty by 34.9% in the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after purchasing an additional 4,399,959 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Kimco Realty by 8.1% in the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after purchasing an additional 970,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Kimco Realty by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares in the last quarter. 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.