Kimco Realty Corporation (NYSE:KIM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kimco Realty Corporation (NYSE:KIM) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.7059.

A number of research analysts recently weighed in on the company. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Truist Financial increased their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors have recently made changes to their positions in KIM. Zions Bancorporation National Association UT lifted its position in shares of Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,049 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the last quarter. Root Financial Partners LLC increased its position in Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the period. CYBER HORNET ETFs LLC bought a new position in Kimco Realty in the 2nd quarter worth approximately $37,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty during the second quarter worth approximately $42,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 1.8%

Kimco Realty stock traded up $0.46 during mid-day trading on Tuesday, hitting $25.51. 226,242 shares of the company’s stock were exchanged, compared to its average volume of 5,391,037. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.08. The stock has a 50 day moving average of $24.36 and a two-hundred day moving average of $22.85. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The stock has a market cap of $17.20 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.79 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 5.82% and a net margin of 28.54%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, analysts anticipate that Kimco Realty will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio is 120.93%.

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.