Kimco Realty Corporation (NYSE:KIM) Stock Has Consensus Target Price of $25.88 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Kimco Realty, with an average 12-month price target of $25.88 versus the stock’s recent price of $22.37.
• Recent analyst actions were mixed: Mizuho and UBS lowered their targets, while Barclays retained an overweight rating and Raymond James reaffirmed a strong-buy recommendation.
• Kimco reported quarterly earnings of $0.46 per share, beating estimates of $0.20, and raised its quarterly dividend to $0.28, equivalent to a 5.0% annualized yield.

Shares of Kimco Realty Corporation (NYSE:KIM - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen analysts that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.88.

Several research firms have recently weighed in on KIM. Mizuho reduced their price objective on Kimco Realty from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, September 24th. Barclays decreased their target price on Kimco Realty from $28.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, September 28th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. UBS Group reduced their target price on Kimco Realty from $29.00 to $25.00 and set a "buy" rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings lowered Kimco Realty from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th.

Institutional Trading of Kimco Realty

A number of hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG grew its position in Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust's stock worth $1,238,000 after acquiring an additional 47,451 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust's stock worth $4,442,000 after purchasing an additional 116,811 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Kimco Realty by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust's stock valued at $10,937,000 after purchasing an additional 48,672 shares in the last quarter. Nykredit A S bought a new position in shares of Kimco Realty during the 2nd quarter valued at $4,380,000. Finally, Strs Ohio raised its holdings in shares of Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust's stock valued at $16,230,000 after purchasing an additional 613,876 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.4%

NYSE KIM opened at $22.37 on Thursday. Kimco Realty has a 12 month low of $19.76 and a 12 month high of $26.65. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.31, a PEG ratio of 2.61 and a beta of 0.94. The company's 50 day simple moving average is $23.25 and its 200 day simple moving average is $23.98. 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 (NYSE:KIM - Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Equities research analysts expect that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, September 4th. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. Kimco Realty's dividend payout ratio is presently 131.76%.

Kimco Realty Company Profile

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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