Kimco Realty (NYSE:KIM – Get Free Report) had its price target boosted by analysts at JPMorgan Chase & Co. from $25.00 to $26.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.27% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a report on Thursday, June 11th. UBS Group raised their price target on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Piper Sandler lifted their price target on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Scotiabank boosted their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.56.
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Kimco Realty Stock Performance
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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. Kimco Realty’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Sell-side analysts expect that Kimco Realty will post 1.84 EPS for the current year.
Institutional Investors Weigh In On Kimco Realty
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after acquiring an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new position in Kimco Realty during the 1st quarter valued at about $61,000. Quantbot Technologies LP bought a new stake in Kimco Realty during the second quarter worth about $331,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,170 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Company Profile
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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