Q3 EPS Estimates for Kimco Realty Lowered by Zacks Research

Key Points

• Zacks Research has lowered its Q3 earnings estimates for Kimco Realty, now expecting earnings of $0.42 per share, a decrease from the previous estimate of $0.43.
• Kimco Realty reported a Q2 earnings per share (EPS) of $0.44, exceeding analysts' expectations, while its revenue grew by 5% year-over-year to $525.18 million.
• The company announced a quarterly dividend of $0.25, with a dividend yield of 4.5% and a payout ratio of 120.48%.

Kimco Realty Corporation (NYSE:KIM - Free Report) - Equities research analysts at Zacks Research reduced their Q3 2025 earnings estimates for Kimco Realty in a research note issued to investors on Monday, September 1st. Zacks Research analyst Team now expects that the real estate investment trust will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.43. The consensus estimate for Kimco Realty's current full-year earnings is $1.71 per share.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business's revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS.

KIM has been the topic of a number of other reports. Mizuho boosted their price target 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. Barclays upped their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Piper Sandler lowered 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 report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Trading Up 0.9%

Shares of Kimco Realty stock opened at $22.46 on Thursday. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The company's 50-day simple moving average is $21.57 and its 200-day simple moving average is $21.11. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.

Kimco Realty Announces Dividend

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

Institutional Trading of Kimco Realty

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in shares of Kimco Realty by 40.9% in the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Kimco Realty in the first quarter valued at about $209,000. Woodline Partners LP purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $9,057,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Kimco Realty by 45.6% in the first quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock valued at $861,000 after purchasing an additional 12,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Kimco Realty by 4.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock valued at $2,167,000 after purchasing an additional 4,051 shares in the last quarter. Hedge funds and other institutional investors 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.

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