Kimco Realty (NYSE:KIM) Price Target Lowered to $23.00 at Mizuho

Kimco Realty (NYSE:KIM) had its target price cut by analysts at Mizuho from $25.00 to $23.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 3.25% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Truist Financial raised their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Citigroup upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $26.29.

Kimco Realty Price Performance

NYSE KIM traded up $0.07 during trading hours on Thursday, reaching $22.27. 1,621,388 shares of the company’s stock were exchanged, compared to its average volume of 5,196,225. The firm has a fifty day moving average of $24.32 and a 200-day moving average of $24.05. 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 $14.94 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.59 and a beta of 0.93. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $543.75 million. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities research 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 hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Kimco Realty in the second quarter valued at about $1,895,765,000. Norges Bank acquired a new position in Kimco Realty during the 4th quarter worth about $215,615,000. Bank of America Corp DE bought a new stake in shares of Kimco Realty in the 2nd quarter valued at about $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 buying an additional 6,223,902 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Kimco Realty during the second quarter worth about $156,283,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

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.