Kimco Realty Corporation (NYSE:KIM) Stock Has Average Target Price of $25.88 According to Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.88.

A number of research firms recently commented on KIM. Truist Financial began coverage on Kimco Realty in a research report on Thursday, October 1st. They issued a “hold” rating and a $24.00 price target for the company. The Goldman Sachs Group set a $24.00 price target on shares of Kimco Realty in a report on Wednesday, October 7th. Wells Fargo & Company boosted their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their target price on Kimco Realty from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. Finally, Weiss Ratings downgraded shares of Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th.

Kimco Realty Price Performance

KIM stock opened at $22.73 on Thursday. The company has a market capitalization of $15.24 billion, a P/E ratio of 26.74, a PEG ratio of 2.67 and a beta of 0.94. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.65. The company has a fifty day moving average price of $23.11 and a 200-day moving average price of $23.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

Kimco Realty (NYSE:KIM) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, equities analysts expect that Kimco Realty will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were given a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.9%. Kimco Realty’s dividend payout ratio is 131.76%.

Institutional Trading of Kimco Realty

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Kimco Realty by 37.9% during the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 478 shares during the period. Parkside Financial Bank & Trust boosted its position in Kimco Realty by 41.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 847 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Kimco Realty by 100.0% during the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,500 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Kimco Realty in the 2nd quarter worth approximately $82,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.