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

Kimco Realty (NYSE:KIM) had its target price cut by equities researchers at Barclays from $28.00 to $27.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 20.49% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research report on Monday, June 29th. Mizuho cut their price target on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, September 24th. UBS Group set a $23.00 target price on Kimco Realty in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $26.29.

Kimco Realty Trading Down 0.4%

Shares of NYSE KIM opened at $22.41 on Monday. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.58 and a beta of 0.93. The business has a 50 day simple moving average of $24.03 and a 200 day simple moving average of $24.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. Kimco Realty has a 52 week low of $19.76 and a 52 week high of $26.65.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same quarter in the prior year, the business posted $0.44 EPS. Kimco Realty’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 predict that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Kimco Realty in the 2nd quarter valued at $1,895,765,000. Norges Bank acquired a new stake in shares of Kimco Realty in the 4th quarter valued at $215,615,000. Bank of America Corp DE bought a new stake in shares of Kimco Realty during the second quarter worth $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kimco Realty by 7,715.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock worth $159,821,000 after acquiring an additional 6,223,902 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Kimco Realty during the second quarter valued at $156,283,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty News Summary

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: Morgan Stanley increased its price target for Kimco Realty to $25 from $24 and maintained an “equal weight” rating. The revised target implies approximately 11.6% upside from the reference price, providing some support for the shares. Morgan Stanley Adjusts PT on Kimco Realty
• Positive Sentiment: Barclays continues to rate KIM “overweight” and sees substantial potential upside, with a $27 target representing roughly 20.5% upside from the reference price. Kimco Realty Stock Price Target Cut by Barclays
• Neutral Sentiment: Kimco Realty is scheduled to report its next results on October 29. Trading updates ahead of the release indicate investors may be positioning cautiously for the upcoming earnings report. Kimco Realty Stock Ahead of October 29 Results
• Negative Sentiment: Barclays lowered its price target to $27 from $28, signaling somewhat less near-term upside despite retaining its “overweight” recommendation. This reduction may be weighing on sentiment alongside Morgan Stanley’s more cautious equal-weight stance. Barclays Adjusts Price Target on Kimco Realty

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.