Zacks Research Boosts Earnings Estimates for Kimco Realty

Kimco Realty Corp (NYSE:KIM - Free Report) - Investment analysts at Zacks Research boosted their FY2025 earnings estimates for shares of Kimco Realty in a research report issued to clients and investors on Thursday, May 22nd. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $1.72 per share for the year, up from their prior estimate of $1.71. The consensus estimate for Kimco Realty's current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Kimco Realty's Q4 2025 earnings at $0.43 EPS, FY2026 earnings at $1.77 EPS and FY2027 earnings at $1.80 EPS.

A number of other analysts also recently issued reports on KIM. Wells Fargo & Company decreased their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Raymond James lowered their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Scotiabank lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $24.68.

Kimco Realty Stock Down 0.2%

KIM traded down $0.05 on Monday, hitting $21.31. 188,026 shares of the company were exchanged, compared to its average volume of 4,483,126. The firm has a 50-day moving average price of $20.60 and a two-hundred day moving average price of $22.13. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the prior year, the company earned $0.39 EPS. Kimco Realty's revenue was up 965.3% on a year-over-year basis.

Institutional Trading of Kimco Realty

A number of hedge funds have recently added to or reduced their stakes in KIM. Squarepoint Ops LLC raised its position in shares of Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after buying an additional 111,496 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares during the last quarter. B&I Capital AG boosted its stake in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Woodline Partners LP bought a new position in Kimco Realty during the 4th quarter worth approximately $9,057,000. Finally, Generali Asset Management SPA SGR bought a new stake in Kimco Realty during the fourth quarter valued at $610,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

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.