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

Shares of Kimco Realty Corporation (NYSE:KIM) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.5556.

Several equities analysts recently commented on KIM shares. UBS Group upped their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research note on Thursday, June 11th. Truist Financial boosted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st.

Kimco Realty Trading Up 1.6%

Shares of KIM stock opened at $24.10 on Wednesday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.65. The stock’s 50-day moving average price is $25.00 and its 200-day moving average price is $24.05.

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

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.6%. Kimco Realty’s dividend payout ratio is currently 122.35%.

Institutional Trading of Kimco Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT boosted its stake in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the period. Root Financial Partners LLC increased its stake 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 buying an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the 2nd quarter worth about $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty during the 2nd quarter valued at about $42,000. Finally, Clearstead Advisors LLC boosted its position in Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the period. 89.25% of the stock is currently owned by 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.