Should I buy or sell Kimco Realty stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimco Realty in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KIM shares. View KIM analyst ratings or view top-rated stocks .

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

8 analysts have issued 12 month price objectives for Kimco Realty's shares. Their KIM share price targets range from $20.00 to $26.00. On average, they anticipate the company's share price to reach $21.88 in the next twelve months. This suggests a possible upside of 13.2% 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 2023?

Kimco Realty's stock was trading at $21.18 at the start of the year. Since then, KIM shares have decreased by 8.8% and is now trading at $19.32. View the best growth stocks for 2023 here .

When is Kimco Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our KIM earnings forecast .

How were Kimco Realty's earnings last quarter?

Kimco Realty Corp (NYSE:KIM) released its earnings results on Thursday, February, 10th. The real estate investment trust reported $0.13 earnings per share 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 analysts' expectations of $375.81 million. Kimco Realty had a net margin of 26.24% and a trailing twelve-month return on equity of 4.78%. The business's revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the firm 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 announced a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.24 per share on Thursday, December 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a positive change from the stock's previous quarterly dividend of $0.23. Read our dividend analysis for KIM .

Is Kimco Realty a good dividend stock?

Kimco Realty (NYSE:KIM) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.85%. KIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 129.58%. 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 56.79% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for KIM .

What ETFs hold Kimco Realty's stock?

ETFs with the largest weight of Kimco Realty (NYSE:KIM) stock in their portfolio include JPMorgan Realty Income ETF (JPRE) , Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) , Invesco S&P 500 Equal Weight Real Estate ETF (EWRE) , BTD Capital Fund (DIP) , Fidelity Real Estate Investment ETF (FPRO) , FlexShares Global Quality Real Estate Index Fund (GQRE) , Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and AAM S&P 500 High Dividend Value ETF (SPDV) .

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

Kimco Realty issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $1.56-1.57 for the period, compared to the consensus estimate of $1.56.

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 retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (5.02%), Invesco Ltd. (2.98%), FMR LLC (2.24%), Daiwa Securities Group Inc. (1.86%), Northern Trust Corp (1.38%) and Charles Schwab Investment Management Inc. (1.30%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Kimco Realty Stock Price, News & Analysis (NYSE:KIM)

$19.32

+0.30 (+1.58%)

(As of 11/30/2023 ET)

Compare

Today's Range: $19.00
▼
$19.36
50-Day Range: $16.38
▼
$19.32
52-Week Range: $16.34
▼
$23.27

Volume: 5.58 million shs
Average Volume: 4.51 million shs
Market Capitalization: $11.98 billion

P/E Ratio: 27.21
Dividend Yield: 4.76%
Price Target: $21.88

Kimco Realty MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 13.2% Upside
$21.88 Price Target
Short Interest: Bearish
3.93% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.32
Upright™ Environmental Score
News Sentiment: 0.33
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.85%
From $1.56 to $1.62 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Finance Sector

485th out of 859 stocks

Real Estate Investment Trusts Industry

88th out of 177 stocks

2.3

Analyst's Opinion

Consensus Rating
Kimco Realty has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.88, Kimco Realty has a forecasted upside of 13.2% from its current price of $19.32.
Amount of Analyst Coverage
Kimco Realty has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.93% of the outstanding shares of Kimco Realty have been sold short.
Short Interest Ratio / Days to Cover
Kimco Realty has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Kimco Realty has recently increased by 7.55%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Kimco Realty is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kimco Realty has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Kimco Realty is 129.58%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Kimco Realty will have a dividend payout ratio of 56.79% next year. This indicates that Kimco Realty will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Kimco Realty has received a 34.49% net impact score from Upright. Kimco Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Health center rental services", "Property management services", and "Shopping mall space leasing services for cosmetic treatment services" products. See details.
Environmental Sustainability
The Environmental Impact score for Kimco Realty is -1.32.

1.8

News and Social Media Coverage

News Sentiment
Kimco Realty has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Kimco Realty this week, compared to 5 articles on an average week.
Search Interest
14 people have searched for KIM on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Kimco Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kimco Realty insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Kimco Realty is held by insiders.
Percentage Held by Institutions
90.42% of the stock of Kimco Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Kimco Realty are expected to grow by 3.85% in the coming year, from $1.56 to $1.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kimco Realty is 27.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.98.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kimco Realty is 27.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.83.
Price to Earnings Growth Ratio
Kimco Realty has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Kimco Realty has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

KIM Stock News Headlines

November 30, 2023 | americanbankingnews.com

Kimco Realty (NYSE:KIM) Price Target Increased to $21.75 by Analysts at Stifel Nicolaus

November 30, 2023 | americanbankingnews.com

Kimco Realty Corp (NYSE:KIM) Receives Consensus Rating of "Moderate Buy" from Brokerages

December 1, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 25, 2023 | msn.com

Empty Bed Bath & Beyond stores are hot real estate. Here’s who’s moving in

November 24, 2023 | seekingalpha.com

KIM.PR.L Kimco Realty Corporation 5.125% DEP PFD L

November 16, 2023 | finance.yahoo.com

Kimco Realty® Recognized as Nareit’s 2023 Retail Leader in the Light for Outstanding Sustainability Practices

November 11, 2023 | markets.businessinsider.com

Agree Realty’s Strong Financial Outlook and Strategic Investments Drive Analyst’s Buy Rating

November 8, 2023 | seekingalpha.com

Kimco Realty: 5.1% Yield, 58% Payout Ratio, 12x FFO Multiple

December 1, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 7, 2023 | morningstar.com

Kimco Realty Corp KIM

November 7, 2023 | finance.yahoo.com

Realty Income (O) Beats Q3 AFFO, Ups Acquisition Guidance

November 5, 2023 | bizjournals.com

Bozzuto, Echo turn struggling Berwyn shopping center site into 250 apartments

November 4, 2023 | markets.businessinsider.com

Scotiabank Keeps Their Hold Rating on Spirit Realty Capital (SRC)

November 2, 2023 | finance.yahoo.com

Regency Centers lifts annual core earnings forecast on strong leasing demand

November 2, 2023 | benzinga.com

RPT Realty Reports Third Quarter 2023 Results

November 2, 2023 | finance.yahoo.com

Kimco Realty Corporation: Solid dividend yield and potential special dividend

October 30, 2023 | seekingalpha.com

Kimco Is Attractive For Income Seeking Investors

October 30, 2023 | gurufocus.com

The Kimco Realty Corp (KIM) Company: A Short SWOT Analysis

October 28, 2023 | finance.yahoo.com

Kimco Realty Corporation (NYSE:KIM) Q3 2023 Earnings Call Transcript

October 28, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Hold Rating on Kimco Realty (KIM)

October 27, 2023 | msn.com

Kimco Realty stock climbs as leasing activity buoys Q3 results