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NYSE:KIM

Kimco Realty (KIM) Stock Price, News & Analysis

$18.47
-0.10 (-0.54%)
(As of 05/24/2024 ET)
Today's Range
$18.44
$18.72
50-Day Range
$17.60
$19.73
52-Week Range
$16.34
$22.83
Volume
2.26 million shs
Average Volume
3.63 million shs
Market Capitalization
$12.45 billion
P/E Ratio
34.85
Dividend Yield
5.20%
Price Target
$21.52

Kimco Realty MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
16.5% Upside
$21.52 Price Target
Short Interest
Healthy
2.53% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.32
Upright™ Environmental Score
News Sentiment
0.36mentions of Kimco Realty in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.03%
From $1.59 to $1.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.55 out of 5 stars

Finance Sector

128th out of 842 stocks

Real Estate Investment Trusts Industry

24th out of 173 stocks

KIM stock logo

About Kimco Realty Stock (NYSE:KIM)

Kimco Realty Corp. is a real estate investment trust (REIT) focused on open-air mall-style properties in the US and is among the largest mall REITs on the market. The firm has been in business since the post-war boom of the 1966 and trading on the public markets since 1991. The name is a blend of the founders names, Martin Kimmel and Milton Cooper, who merged their assets in order to form the larger company.

The stock was added to the S&P 500 in 2006 and has held its position ever since. Kimco is also know for being the first vertically integrated REIT meaning it is internally managed and advised, and provides its own asset and property management. The firm raised $120 million with its IPO and was worth $11.4 billion in October 2022.

As of October 2022, the company laid claim to more than 530 properties enclosing 92 million square feet of retail space. The properties are primarily located within grocery-anchored shopping centers and mixed-use assets in suburban areas. The tenant-focus is on a diverse blend of essential and/or necessity-based goods or services that drive multiple consumer trips per week and provide stable income.

Kimco Realty is headquartered in Jerico, N.Y., but does not limit its investments by geography. The company’s properties are located in 1st-ring suburbs surrounding major metropolitan areas from coast to coast. One area of focus is high-barrier-to-entry coastal properties in population-dense vacation zones while another is the rapidly expanding Sun Belt.

The firm offers a variety of services and features apart from property rentals that include curbside pickup zones and many others that enhance the tenant and consumer experience. Other features include digital maintenance requests, Click Pay, and a Discount Program. Some of the markets served by Kimco Realty include New York, Los Angeles, Dallas, Houston, Baltimore, Philadelphia, Miami, and Atlanta.

KIM Stock Price History

KIM Stock News Headlines

Mizuho Cuts Kimco Realty (NYSE:KIM) Price Target to $20.00
Kimco Realty: Q1 Earnings Snapshot
I'm Buying Up To 11% Yield For Recurring Income
Kimco Realty Corporation (KIM)
Stocks Sink as US CPI Tops Forecasts
4 REITs With Recent Analyst Downgrades
Cupertino Hotels Face More Delays
See More Headlines
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Company Calendar

Last Earnings
2/10/2022
Ex-Dividend for 3/21 Dividend
3/06/2024
Dividend Payable
3/21/2024
Today
5/25/2024
Ex-Dividend for 6/20 Dividend
6/06/2024
Dividend Payable
6/20/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
49446R10
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.52
High Stock Price Target
$26.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+16.5%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$654.27 million
Pretax Margin
20.94%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$1.86 per share
Book Value
$15.97 per share

Miscellaneous

Free Float
659,285,000
Market Cap
$12.45 billion
Optionable
Optionable
Beta
1.46
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KIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Kimco Realty stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kimco Realty in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KIM, but not buy additional shares or sell existing shares.
View KIM analyst ratings
or view top-rated stocks.

What is Kimco Realty's stock price target for 2024?

11 Wall Street research analysts have issued twelve-month price targets for Kimco Realty's stock. Their KIM share price targets range from $20.00 to $26.00. On average, they predict the company's stock price to reach $21.52 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for KIM
or view top-rated stocks among Wall Street analysts.

How have KIM shares performed in 2024?

Kimco Realty's stock was trading at $21.31 at the beginning of the year. Since then, KIM stock has decreased by 13.3% and is now trading at $18.47.
View the best growth stocks for 2024 here
.

When is Kimco Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our KIM earnings forecast
.

How were Kimco Realty's earnings last quarter?

Kimco Realty Corp (NYSE:KIM) issued its quarterly earnings data on Thursday, February, 10th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. The real estate investment trust had revenue of $424.65 million for the quarter, compared to the consensus estimate of $375.81 million. Kimco Realty had a trailing twelve-month return on equity of 3.54% and a net margin of 19.17%. The firm's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS.
Read the conference call transcript
.

How often does Kimco Realty pay dividends? What is the dividend yield for Kimco Realty?

Kimco Realty declared a quarterly dividend on Thursday, May 2nd. Shareholders of record on Thursday, June 6th will be given a dividend of $0.24 per share on Thursday, June 20th. This represents a $0.96 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, June 6th.
Read our dividend analysis for KIM
.

Is Kimco Realty a good dividend stock?

Kimco Realty (NYSE:KIM) pays an annual dividend of $0.96 per share and currently has a dividend yield of 5.17%. KIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 181.14%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KIM will have a dividend payout ratio of 57.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KIM.

What guidance has Kimco Realty issued on next quarter's earnings?

Kimco Realty issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of 1.560-1.600 for the period, compared to the consensus earnings per share estimate of 1.580. The company issued revenue guidance of -.

What is Conor C. Flynn's approval rating as Kimco Realty's CEO?

12 employees have rated Kimco Realty Chief Executive Officer Conor C. Flynn on Glassdoor.com. Conor C. Flynn has an approval rating of 100% among the company's employees. This puts Conor C. Flynn in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Kimco Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kimco Realty investors own include AT&T (T), Altria Group (MO), Coca-Cola (KO), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Enterprise Products Partners (EPD), Simon Property Group (SPG), Exxon Mobil (XOM), General Electric (GE) and Realty Income (O).

Who are Kimco Realty's major shareholders?

Kimco Realty's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.36%), Centersquare Investment Management LLC (2.15%), Capital Research Global Investors (1.66%), Canada Pension Plan Investment Board (1.51%), Price T Rowe Associates Inc. MD (0.87%) and Sumitomo Mitsui Trust Holdings Inc. (0.54%). Insiders that own company stock include David Jamieson, Frank Lourenso, Glenn Gary Cohen, Paul Westbrook and Realty Corp Kimco.
View institutional ownership trends
.

How do I buy shares of Kimco Realty?

Shares of KIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KIM) was last updated on 5/26/2024 by MarketBeat.com Staff

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