Kimco Realty (NYSE:KIM – Get Free Report) had its price target decreased by stock analysts at UBS Group from $29.00 to $25.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target suggests a potential upside of 12.89% from the stock’s current price.
A number of other research analysts have also issued reports on KIM. Piper Sandler lifted their target price on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. Citigroup increased their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Monday, June 22nd. Finally, Barclays lowered their price objective on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.12.
Check Out Our Latest Report on KIM
Kimco Realty Stock Up 0.2%
Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts predict that Kimco Realty will post 1.84 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in KIM. BlackRock Inc. acquired a new stake in Kimco Realty during the second quarter worth approximately $1,895,765,000. Bank of America Corp DE purchased a new position in shares of Kimco Realty in the 2nd quarter valued at $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimco Realty by 7,715.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock worth $159,821,000 after acquiring an additional 6,223,902 shares in the last quarter. Legal & General Group Plc acquired a new stake in Kimco Realty during the 2nd quarter worth $156,283,000. Finally, Bank of New York Mellon Corp purchased a new stake in Kimco Realty in the second quarter valued at $152,113,000. 89.25% of the stock is owned by institutional investors and hedge funds.
About Kimco Realty
Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.
The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.
Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.
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