Kimco Realty Corporation (NYSE:KIM) Stock Has Consensus Target Price of $25.88 According to Brokerages

by · The Markets Daily

Shares of Kimco Realty Corporation (NYSE:KIM – Get Free Report) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.88.

KIM has been the subject of a number of research reports. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a report on Friday, June 26th. Morgan Stanley raised their price objective on Kimco Realty from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, September 29th. Mizuho dropped their target price on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. Finally, The Goldman Sachs Group set a $24.00 target price on Kimco Realty in a research note on Wednesday, October 7th.

Get Our Latest Analysis on KIM

Hedge Funds Weigh In On Kimco Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC boosted its position in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares during the period. IFP Advisors Inc grew its stake in shares of Kimco Realty by 37.9% during the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 478 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kimco Realty by 41.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 847 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of Kimco Realty by 100.0% in the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,500 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Kimco Realty in the second quarter worth about $82,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 1.0%

Shares of NYSE:KIM opened at $22.69 on Thursday. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.65. The firm has a fifty day moving average of $23.16 and a 200 day moving average of $23.99. The firm has a market capitalization of $15.22 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 2.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

Kimco Realty (NYSE:KIM – Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%. The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, research analysts anticipate that Kimco Realty will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is presently 131.76%.

About Kimco Realty

(Get Free Report)

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.

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