Kimco Realty (NYSE:KIM) Price Target Cut to $23.00 by Analysts at Wells Fargo & Company

Kimco Realty (NYSE:KIM) had its price target lowered by equities research analysts at Wells Fargo & Company from $26.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 2.65% from the stock’s current price.

A number of other research firms also recently issued reports on KIM. Piper Sandler dropped their price objective on shares of Kimco Realty from $31.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. UBS Group dropped their price target on Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings cut Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

Kimco Realty Price Performance

Kimco Realty stock traded up $0.04 during mid-day trading on Friday, hitting $23.62. 603,961 shares of the company traded hands, compared to its average volume of 5,155,451. Kimco Realty has a one year low of $19.76 and a one year high of $26.65. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a fifty day moving average price of $23.09 and a 200-day moving average price of $24.00.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 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 analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities analysts predict that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC grew its holdings in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 546 shares during the last quarter. IFP Advisors Inc lifted its stake in Kimco Realty by 37.9% in the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 478 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Kimco Realty by 100.0% in 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 last quarter. Parkside Financial Bank & Trust lifted its stake in Kimco Realty by 41.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 847 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Kimco Realty during the first quarter valued at about $79,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.