Kimco Realty Corporation (NYSE:KIM) Receives $26.56 Consensus Target Price from Analysts

Kimco Realty Corporation (NYSE:KIM) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $26.5556.

Several brokerages recently weighed in on KIM. Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $28.00 target price on shares of Kimco Realty in a research report on Tuesday, August 11th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Scotiabank increased their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors have recently made changes to their positions in KIM. BlackRock Inc. acquired a new position in shares of Kimco Realty in the 2nd quarter worth approximately $1,895,765,000. California State Teachers Retirement System increased its holdings in Kimco Realty by 2,156.5% in the 2nd quarter. California State Teachers Retirement System now owns 24,275,059 shares of the real estate investment trust’s stock valued at $615,373,000 after purchasing an additional 23,199,273 shares during the last quarter. Norges Bank acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $215,615,000. Bank of America Corp DE purchased a new stake in Kimco Realty in the second quarter valued at approximately $235,111,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kimco Realty by 7,715.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock valued at $159,821,000 after purchasing an additional 6,223,902 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.78 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.54 and a beta of 0.95. The company’s 50-day moving average is $25.04 and its two-hundred day moving average is $24.01. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.65.

Kimco Realty (NYSE:KIM) 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, topping analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts forecast that Kimco Realty will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.7%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s payout ratio is 122.35%.

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.