Kimco Realty Corporation (NYSE:KIM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Kimco Realty Corporation has received a consensus recommendation of "Moderate Buy" from fourteen ratings firms, with various firms issuing ratings from hold to strong buy.
• The company's shares have recently traded at $22.49, and it has a target price averaging around $24.68 among analysts for the next year.
• Kimco Realty announced a quarterly dividend of $0.25, yielding 4.4% annually, with a payout ratio of 120.48%.

Kimco Realty Corporation (NYSE:KIM - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.8462.

A number of research firms have weighed in on KIM. Evercore ISI raised their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research note on Monday. Mizuho raised their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a research note on Tuesday. They issued a "buy" rating and a $27.00 target price on the stock. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler decreased their target price on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th.

Kimco Realty Price Performance

Shares of NYSE KIM traded down $0.06 during trading on Wednesday, hitting $22.41. The company had a trading volume of 3,489,630 shares, compared to its average volume of 4,706,909. The stock has a fifty day simple moving average of $21.73 and a two-hundred day simple moving average of $21.15. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. During the same period in the previous year, the business earned $0.41 EPS. Kimco Realty's quarterly revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, research analysts expect that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Hedge Funds Weigh In On Kimco Realty

Institutional investors have recently modified their holdings of the business. Compound Planning Inc. raised its holdings in shares of Kimco Realty by 3.4% in the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 485 shares in the last quarter. GF Fund Management CO. LTD. raised its position in Kimco Realty by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 517 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after acquiring an additional 530 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock worth $211,000 after acquiring an additional 600 shares in the last quarter. Finally, Jump Financial LLC boosted its position in Kimco Realty by 5.1% during the second quarter. Jump Financial LLC now owns 12,932 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.