Kimco Realty (KIM) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kimco Realty in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.
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12 brokers have issued twelve-month price targets for Kimco Realty's stock. Their KIM share price forecasts range from $18.00 to $26.00. On average, they expect the company's share price to reach $22.40 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
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Kimco Realty's stock was trading at $21.18 at the start of the year. Since then, KIM stock has decreased by 14.7% and is now trading at $18.07.
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Kimco Realty saw a drop in short interest in April. As of April 30th, there was short interest totaling 14,000,000 shares, a drop of 6.5% from the April 15th total of 14,980,000 shares. Based on an average trading volume of 4,640,000 shares, the days-to-cover ratio is currently 3.0 days.
View Kimco Realty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our KIM earnings forecast.

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 for the quarter, missing the consensus estimate of $0.16 by $0.03. The real estate investment trust had revenue of $424.65 million for the quarter, compared to analyst estimates of $375.81 million. Kimco Realty had a trailing twelve-month return on equity of 1.82% and a net margin of 10.23%. The company's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share.
Read the conference call transcript.

Kimco Realty declared a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, June 8th will be given a dividend of $0.23 per share on Thursday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Wednesday, June 7th.
Read our dividend analysis for KIM.

ETFs with the largest weight of Kimco Realty (NYSE:KIM) stock in their portfolio include Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), JPMorgan Realty Income ETF (JPRE), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Fidelity Real Estate Investment ETF (FPRO), FlexShares Global Quality Real Estate Index Fund (GQRE), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), AAM S&P 500 High Dividend Value ETF (SPDV) and iShares Cohen & Steers REIT ETF (ICF).

Kimco Realty (NYSE:KIM) pays an annual dividend of $0.92 per share and currently has a dividend yield of 5.09%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 383.35%. 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.

Kimco Realty issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.54-$1.57 for the period, compared to the consensus EPS estimate of $1.57. The company issued revenue guidance of -.

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.

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).

Kimco Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "KIM."

Kimco Realty's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.19%), State Street Corp (7.19%), JPMorgan Chase & Co. (3.60%), APG Asset Management US Inc. (2.32%), Geode Capital Management LLC (2.30%) and FMR LLC (1.82%). Insiders that own company stock include David Jamieson, Frank Lourenso, Glenn Gary Cohen, Paul Westbrook and Realty Corp Kimco.
View institutional ownership trends.

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.
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One share of KIM stock can currently be purchased for approximately $18.07.

Kimco Realty (NYSE:KIM) has a market capitalization of $11.20 billion and generates $1.73 billion in revenue each year. The real estate investment trust earns $125.98 million in net income (profit) each year or $0.24 on an earnings per share basis.

Kimco Realty's mailing address is 500 NORTH BROADWAY SUITE 201, JERICHO NY, 11753. The official website for the company is www.kimcorealty.com. The real estate investment trust can be reached via phone at 516-869-9000, via email at dbujnicki@kimcorealty.com, or via fax at 516-869-9001.