Kimco Realty (NYSE:KIM) Reaches New 12-Month High – Should You Buy?

Kimco Realty Corporation (NYSE:KIMGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as $24.84 and last traded at $24.97, with a volume of 357957 shares. The stock had previously closed at $24.24.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KIM. JPMorgan Chase & Co. raised their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Evercore set a $25.00 price target on shares of Kimco Realty in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Morgan Stanley increased their price objective on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Finally, Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of “Hold” and an average target price of $25.14.

View Our Latest Analysis on KIM

Kimco Realty Stock Up 3.8%

The firm’s 50 day simple moving average is $23.51 and its 200 day simple moving average is $22.15. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIMGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the business earned $0.44 earnings per share. Kimco Realty’s revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Sell-side analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

Institutional Investors Weigh In On Kimco Realty

Several large investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its stake in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Root Financial Partners LLC increased its position in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 546 shares during the period. Brown Lisle Cummings Inc. grew its holdings in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Kimco Realty during the second quarter worth about $37,000. Finally, MUFG Securities EMEA plc acquired a new position in Kimco Realty during the second quarter worth about $42,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

(Get Free Report)

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.

Further Reading

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