Kimco Realty (NYSE:KIM) Price Target Raised to $25.00

Key Points

• Morgan Stanley raised Kimco Realty’s price target to $25 from $24 while maintaining an “equal weight” rating, implying about 12% upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $26.29.
• Kimco shares fell 0.8% to $22.30 during Tuesday trading. The REIT reported quarterly earnings of $0.46 per share, exceeding estimates of $0.20, while revenue rose 4.9% year over year to $550.8 million.
• Institutional investors and hedge funds own approximately 89.25% of Kimco’s shares, with several firms recently increasing their holdings.

Kimco Realty (NYSE:KIM - Get Free Report) had its target price increased by equities research analysts at Morgan Stanley from $24.00 to $25.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Morgan Stanley's price target would suggest a potential upside of 12.08% from the stock's current price.

KIM has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on Kimco Realty from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. Citigroup raised their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. UBS Group set a $23.00 price target on shares of Kimco Realty in a research note on Thursday, September 24th. Wolfe Research upgraded shares of 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. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Kimco Realty in a research report on Friday, July 31st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.29.

Kimco Realty Trading Down 0.8%

Shares of KIM traded down $0.18 during trading hours on Tuesday, reaching $22.30. The stock had a trading volume of 1,345,107 shares, compared to its average volume of 5,182,465. The company has a market cap of $14.96 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.58 and a beta of 0.93. Kimco Realty has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $24.10 and a 200 day moving average of $24.03.

Kimco Realty (NYSE:KIM - Get Free Report) last posted 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 firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same period in the previous year, the company posted $0.44 earnings per share. The company's revenue for the quarter 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, sell-side analysts expect that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Root Financial Partners LLC grew its stake in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 546 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Kimco Realty by 37.9% during the 2nd quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 478 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,166 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Kimco Realty by 42.9% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,000 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 900 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of Kimco Realty by 100.0% in the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,500 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.

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