Mizuho Issues Pessimistic Forecast for Kimco Realty (NYSE:KIM) Stock Price

Kimco Realty (NYSE:KIM) had its target price cut by equities researchers at Mizuho from $25.00 to $23.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 3.25% from the stock’s previous close.

Several other research analysts have also commented on the stock. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Truist Financial upped their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $26.29.

Kimco Realty Trading Up 0.3%

NYSE KIM traded up $0.07 during mid-day trading on Thursday, reaching $22.27. 1,621,388 shares of the stock were exchanged, compared to its average volume of 5,196,225. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.65. The business’s fifty day simple moving average is $24.32 and its 200 day simple moving average is $24.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market capitalization of $14.94 billion, a PE ratio of 26.21, a PEG ratio of 2.59 and a beta of 0.93.

Kimco Realty (NYSE:KIM) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, research analysts anticipate that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Van Hulzen Asset Management LLC bought a new stake in shares of Kimco Realty during the second quarter valued at approximately $203,000. National Pension Service boosted its stake in Kimco Realty by 34.2% in the 2nd quarter. National Pension Service now owns 56,897 shares of the real estate investment trust’s stock valued at $1,442,000 after buying an additional 14,490 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Kimco Realty in the second quarter valued at $201,000. NewEdge Advisors LLC raised its stake in Kimco Realty by 7.2% during the second quarter. NewEdge Advisors LLC now owns 38,403 shares of the real estate investment trust’s stock worth $974,000 after acquiring an additional 2,576 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Kimco Realty by 37.9% in the 2nd quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 478 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.