Kimco Realty Corporation (NYSE:KIM) Given Consensus Recommendation of “Hold” by Analysts

Kimco Realty Corporation (NYSE:KIM) has earned an average rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $25.3333.

Several research analysts recently issued reports on the company. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Barclays lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th.

Kimco Realty Stock Down 0.4%

Shares of NYSE:KIM opened at $24.40 on Friday. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.80 and a beta of 0.96. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.08. The business’s 50 day moving average is $23.94 and its 200 day moving average is $22.42.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.3%. Kimco Realty’s payout ratio is currently 120.93%.

Institutional Trading of Kimco Realty

Several hedge funds have recently made changes to their positions in KIM. M&T Bank Corp boosted its holdings in Kimco Realty by 4,368.2% during 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 acquiring an additional 773,780 shares during the period. Centersquare Investment Management LLC raised its position in Kimco Realty by 1.6% during the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the last quarter. Kettle Hill Capital Management LLC bought a new position in Kimco Realty during the 3rd quarter valued at approximately $14,921,000. Runnymede Capital Advisors Inc. bought a new position in Kimco Realty during the 4th quarter valued at approximately $900,000. Finally, NEOS Investment Management LLC raised its position in Kimco Realty by 66.9% during the 3rd quarter. NEOS Investment Management LLC now owns 147,765 shares of the real estate investment trust’s stock valued at $3,229,000 after purchasing an additional 59,219 shares during the last quarter. 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.