Kimco Realty (NYSE:KIM) Price Target Cut to $27.00 by Analysts at Barclays

Key Points

• Barclays cut Kimco Realty’s price target to $27 from $28 while maintaining an “overweight” rating, implying approximately 20.35% upside from the stock’s $22.43 price.
• Analyst sentiment remains broadly positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $26.24.
• Kimco exceeded quarterly expectations, reporting $0.46 EPS versus the $0.20 consensus and $550.8 million in revenue; institutional investors own approximately 89.25% of the stock.

Kimco Realty (NYSE:KIM - Get Free Report) had its target price cut by equities research analysts at Barclays from $28.00 to $27.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target indicates a potential upside of 20.35% from the stock's current price.

A number of other research firms have also recently issued reports on KIM. Jefferies Financial Group raised Kimco Realty to a "hold" rating in a research report on Friday, June 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kimco Realty in a research note on Friday, July 31st. Wolfe Research upgraded Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price target for the company in a report on Monday, June 22nd. Wells Fargo & Company boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Finally, Piper Sandler increased their price objective on Kimco Realty from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.24.

Kimco Realty Stock Performance

Shares of KIM opened at $22.43 on Monday. The firm's 50 day moving average is $24.17 and its 200-day moving average is $24.03. The stock has a market capitalization of $15.05 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.65.

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

Institutional Investors Weigh In On Kimco Realty

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Kimco Realty during the 2nd quarter worth about $1,895,765,000. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust's stock worth $386,617,000 after purchasing an additional 223,936 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Kimco Realty by 8.1% during the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust's stock worth $261,593,000 after purchasing an additional 970,276 shares in the last quarter. Norges Bank bought a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $215,615,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kimco Realty by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 10,341,105 shares of the real estate investment trust's stock valued at $232,363,000 after purchasing an additional 152,242 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

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.

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