Wells Fargo & Company upgraded shares of Kimco Realty (NYSE:KIM – Free Report) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.
Several other equities research analysts have also weighed in on the company. UBS Group raised their target price on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a report on Monday, June 29th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Truist Financial raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Piper Sandler boosted their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.12.
Check Out Our Latest Stock Analysis on KIM
Kimco Realty Stock Up 1.3%
Kimco Realty (NYSE:KIM – Get Free Report) last announced its quarterly 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 company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.Kimco Realty’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, sell-side analysts expect that Kimco Realty will post 1.83 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s payout ratio is presently 120.93%.
Institutional Trading of Kimco Realty
Large investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its position in 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 worth $29,000 after buying an additional 1,049 shares during the period. Root Financial Partners LLC lifted its stake in 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 during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Kimco Realty during the second quarter worth approximately $42,000. 89.25% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Kimco Realty
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.
