Kimco Realty Corporation (NYSE:KIM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Kimco Realty Corporation (NYSE:KIM) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $26.29.

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Truist Financial boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Kimco Realty in a research note on Tuesday, August 11th. UBS Group set a $23.00 price objective on shares of Kimco Realty in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th.

Hedge Funds Weigh In On Kimco Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van Hulzen Asset Management LLC purchased a new position in shares of Kimco Realty during the 2nd quarter worth $203,000. National Pension Service increased its position in Kimco Realty by 34.2% during the second quarter. National Pension Service now owns 56,897 shares of the real estate investment trust’s stock worth $1,442,000 after purchasing an additional 14,490 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Kimco Realty during the second quarter worth about $201,000. NewEdge Advisors LLC raised its stake in Kimco Realty by 7.2% during the second quarter. NewEdge Advisors LLC now owns 38,403 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 2,576 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Kimco Realty by 37.9% in the 2nd 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 last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM opened at $22.23 on Friday. The company has a market cap of $14.92 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.59 and a beta of 0.93. The stock’s 50 day simple moving average is $24.24 and its 200-day simple moving average is $24.04. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.

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

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were given a dividend of $0.28 per share. The ex-dividend date was Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 5.0%. Kimco Realty’s dividend payout ratio (DPR) is 131.76%.

About Kimco Realty

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.