Kimco Realty (NYSE:KIM) Upgraded to Hold at Wells Fargo & Company

Kimco Realty (NYSE:KIM) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

KIM has been the subject of a number of other reports. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. Morgan Stanley raised their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Monday, June 22nd. Finally, Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.12.

Kimco Realty Price Performance

Shares of KIM stock opened at $26.09 on Thursday. The firm’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $23.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.45. The stock has a market cap of $17.59 billion, a PE ratio of 30.33, a PEG ratio of 2.83 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last issued its 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. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, analysts forecast that Kimco Realty will post 1.83 EPS for the current year.

Institutional Trading of Kimco Realty

Several hedge funds have recently added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kimco Realty by 6.4% during the first 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 worth $13,593,000 after purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Kimco Realty during the 1st quarter valued at about $61,000. Quantbot Technologies LP acquired a new position in shares of Kimco Realty in the 2nd quarter valued at approximately $331,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kimco Realty by 30.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 1,170 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

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.