Shares of Kimco Realty Corporation (NYSE:KIM – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.46 and traded as low as $23.35. Kimco Realty shares last traded at $23.4260, with a volume of 7,494,983 shares changing hands.
Analyst Ratings Changes
KIM has been the subject of several recent research reports. UBS Group dropped their target price on shares of Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Weiss Ratings downgraded Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Piper Sandler reduced their price target on Kimco Realty from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Morgan Stanley lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Finally, Mizuho decreased their price objective on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average target price of $25.71.
Read Our Latest Analysis on Kimco Realty
Kimco Realty Trading Down 1.2%
The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $15.71 billion, a P/E ratio of 27.56, a PEG ratio of 2.69 and a beta of 0.94. The business has a 50 day moving average of $23.05 and a 200-day moving average of $23.46.
Kimco Realty (NYSE:KIM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business’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. Analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.
Kimco Realty Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is currently 131.76%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of KIM. Raiffeisen Bank International AG grew its position in Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 47,451 shares in the last quarter. CX Institutional lifted its position in Kimco Realty by 757.8% during the 3rd quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 54,361 shares in the last quarter. Nykredit A S acquired a new position in shares of Kimco Realty during the 2nd quarter worth about $4,380,000. Cetera Investment Advisers boosted its stake in shares of Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after buying an additional 116,811 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after buying an additional 613,876 shares during the last quarter. 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 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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