Kimco Realty (NYSE:KIM) Price Target Raised to $26.00

Key Points

• JPMorgan raised Kimco Realty’s price target from $25 to $26 while maintaining a neutral rating, implying roughly 7.27% upside from the current price.
• Analyst sentiment is moderately positive: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $26.56, based on one Strong Buy, seven Buy, and nine Hold ratings.
• Kimco’s latest quarterly results exceeded expectations, with adjusted earnings of $0.46 per share versus the $0.20 consensus estimate and revenue of $550.8 million, up 4.9% year over year.

Kimco Realty (NYSE:KIM - Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from $25.00 to $26.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 7.27% from the stock's current price.

Other equities analysts have also issued reports about the company. UBS Group increased their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Weiss Ratings restated a "buy (b)" rating on shares of Kimco Realty in a research report on Friday, July 31st. Citigroup upped their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. The Goldman Sachs Group reiterated a "neutral" rating and set a $28.00 price target on shares of Kimco Realty in a research report on Tuesday, August 11th. Finally, Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus price target of $26.56.

Kimco Realty Stock Up 0.9%

Shares of NYSE:KIM opened at $24.24 on Tuesday. The firm has a market capitalization of $16.26 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. 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. The firm has a fifty day moving average of $25.09 and a 200 day moving average of $23.96.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly 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. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter last year, the business 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. As a group, research analysts anticipate that Kimco Realty will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT grew its position in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 1,049 shares during the last quarter. Root Financial Partners LLC lifted its position 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 during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the second quarter valued at approximately $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty during the second quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,166 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source