Kimco Realty (NYSE:KIM) Updates FY 2025 Earnings Guidance

Key Points

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Kimco Realty (NYSE:KIM - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.730-1.750 for the period, compared to the consensus earnings per share estimate of 1.728. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Raymond James Financial cut their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Barclays assumed coverage on shares of Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target for the company. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler cut their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Scotiabank cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.70.

Kimco Realty Stock Down 2.4%

Shares of Kimco Realty stock traded down $0.51 during trading hours on Friday, reaching $20.72. The company's stock had a trading volume of 5,355,524 shares, compared to its average volume of 3,945,887. Kimco Realty has a one year low of $17.93 and a one year high of $25.83. The company has a market capitalization of $14.02 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.56 and a beta of 1.24. The stock's fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $21.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.47 and a current ratio of 3.92.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The firm had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same period last year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders 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 4.8%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is 120.48%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new position in shares of Kimco Realty during the first quarter valued at about $61,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust's stock valued at $13,593,000 after purchasing an additional 38,554 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock valued at $2,351,000 after purchasing an additional 41,265 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

About Kimco Realty

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.