UBS Group Has Lowered Expectations for Kimco Realty (NYSE:KIM) Stock Price

Key Points

• UBS Group cut Kimco Realty’s price target from $29 to $25 while maintaining a “buy” rating, implying approximately 12.9% upside from the stock’s $22.14 price.
• Analyst sentiment remains moderately positive, with Kimco carrying an average “Moderate Buy” rating and a consensus price target of $26.12, despite several recent target reductions.
• Kimco reported quarterly EPS of $0.46, beating the $0.20 consensus estimate, while revenue rose 4.9% year over year to $550.8 million. Institutional investors and hedge funds own approximately 89.25% of the stock.

Kimco Realty (NYSE:KIM - Get Free Report) had its target price decreased by UBS Group from $29.00 to $25.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price points to a potential upside of 12.89% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $24.00 price target on Kimco Realty in a report on Wednesday. Mizuho dropped their target price on Kimco Realty from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, September 24th. Wolfe Research upgraded Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a report on Monday, June 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Finally, Morgan Stanley raised their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 29th. One investment 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 stock. According to data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and an average price target of $26.12.

Kimco Realty Price Performance

KIM traded up $0.06 on Friday, hitting $22.14. 1,183,131 shares of the company's stock were exchanged, compared to its average volume of 5,167,439. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.54 and a beta of 0.94. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The firm has a 50-day moving average price of $23.48 and a 200-day moving average price of $23.98. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts anticipate that Kimco Realty will post 1.84 earnings per share for the current year.

Hedge Funds Weigh In On Kimco Realty

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 546 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Kimco Realty by 37.9% in the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 478 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised 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 period. Brown Lisle Cummings Inc. raised its holdings in shares of Kimco Realty by 100.0% in the 1st 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 during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Kimco Realty by 41.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 847 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

About Kimco Realty

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.

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