Shares of Kimco Realty Corporation (NYSE:KIM – Get Free Report) have been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.3333.
A number of brokerages recently issued reports on KIM. Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Wells Fargo & Company lifted their price target on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Finally, Truist Financial lifted their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th.
Kimco Realty Stock Performance
Kimco Realty (NYSE:KIM – Get Free Report) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, sell-side analysts forecast that Kimco Realty will post 1.83 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimco Realty’s payout ratio is currently 120.93%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of KIM. Norges Bank purchased a new position in shares of Kimco Realty during the fourth quarter valued at $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 541.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after buying an additional 5,322,009 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Kimco Realty by 38.0% during the first quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock valued at $196,692,000 after buying an additional 2,412,675 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Kimco Realty by 10,776.5% during the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.
About Kimco Realty
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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