Kimco Realty Corporation (NYSE:KIM) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Kimco Realty a “Moderate Buy” consensus: Eight analysts rate the stock a hold, six recommend buying, and one gives it a strong buy rating. The average 12-month price target is $26.53, above the reported share price of $22.52.
• 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. Analysts expect approximately $1.84 in EPS for the current year.
• The REIT increased its quarterly dividend from $0.26 to $0.28 per share, equating to an annualized dividend of $1.12 and a 5.0% yield; institutional investors own 89.25% of the company’s stock.

Kimco Realty Corporation (NYSE:KIM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.5294.

A number of research analysts have issued reports on KIM shares. UBS Group increased their target price on shares of Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 9th. The Goldman Sachs Group reissued a "neutral" rating and set a $28.00 price target on shares of Kimco Realty in a research note on Tuesday, August 11th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. Wolfe Research raised Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. Finally, Jefferies Financial Group upgraded Kimco Realty to a "hold" rating in a research report on Friday, June 26th.

Institutional Investors Weigh In On Kimco Realty

A number of large investors have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its position in shares of 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 acquiring an additional 546 shares in the last quarter. IFP Advisors Inc increased its position in 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 increased its position in 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. Covestor Ltd boosted its stake in shares of Kimco Realty by 211.1% during the 4th quarter. Covestor Ltd now owns 2,682 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Kimco Realty by 42.9% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,000 shares of the real estate investment trust's stock worth $61,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Performance

NYSE KIM opened at $22.52 on Friday. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.59 and a beta of 0.93. The business's 50 day moving average is $24.48 and its two-hundred day moving average is $24.07. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.65. 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 posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 business had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. During the same period last year, the firm earned $0.44 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts expect that Kimco Realty will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Friday, September 4th. This is a positive change from Kimco Realty's previous quarterly dividend of $0.26. Kimco Realty's dividend payout ratio is currently 131.76%.

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.

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.