Mizuho Cuts Kimco Realty (NYSE:KIM) Price Target to $23.00

by · The Markets Daily

Kimco Realty (NYSE:KIM – Free Report) had its price target reduced by Mizuho from $25.00 to $23.00 in a research report released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on KIM. The Goldman Sachs Group restated a “neutral” rating and set a $28.00 price objective on shares of Kimco Realty in a research note on Tuesday, August 11th. UBS Group set a $23.00 price target on shares of Kimco Realty in a report on Thursday. Wells Fargo & Company increased their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Finally, Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $26.29.

Check Out Our Latest Stock Analysis on KIM

Kimco Realty Stock Performance

Kimco Realty stock opened at $22.43 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The firm’s fifty day moving average price is $24.17 and its 200 day moving average price is $24.03. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $26.65.

Kimco Realty (NYSE:KIM – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, research analysts forecast 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 paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.12 annualized dividend and a dividend yield of 5.0%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 131.76%.

Institutional Trading of Kimco Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in Kimco Realty by 37.9% in the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 478 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Kimco Realty by 60.7% in 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 in the last quarter. PFG Private Wealth Management LLC lifted its position in shares of Kimco Realty by 3.8% during the 2nd quarter. PFG Private Wealth Management LLC now owns 16,268 shares of the real estate investment trust’s stock valued at $412,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Kimco Realty by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 610 shares in the last quarter. Finally, Values First Advisors Inc. grew its holdings in shares of Kimco Realty by 2.3% in the 1st quarter. Values First Advisors Inc. now owns 30,491 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 683 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Company Profile

(Get Free Report)

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.

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