Morgan Stanley Forecasts Strong Price Appreciation for Kimco Realty (NYSE:KIM) Stock

Kimco Realty (NYSE:KIM) had its price objective raised by equities research analysts at Morgan Stanley from $24.00 to $25.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective points to a potential upside of 12.08% from the stock’s current price.

A number of other research firms have also recently issued reports on KIM. The Goldman Sachs Group restated a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Citigroup increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Piper Sandler raised their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. boosted 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 reaffirmed a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $26.29.

Kimco Realty Stock Performance

KIM traded down $0.18 during trading hours on Tuesday, reaching $22.30. The company’s stock had a trading volume of 1,345,107 shares, compared to its average volume of 5,182,465. The company’s 50-day moving average is $24.10 and its 200-day moving average is $24.03. Kimco Realty has a 52 week low of $19.76 and a 52 week high of $26.65. The firm has a market cap of $14.96 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. 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 released its quarterly earnings data 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. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. 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 posted $0.44 earnings per share. The company’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 analysts forecast that Kimco Realty will post 1.84 EPS for the current year.

Institutional Trading of Kimco Realty

Several hedge funds and other institutional investors have recently bought and sold shares of KIM. Cetera Investment Advisers raised its position in shares of Kimco Realty by 144.4% in the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after buying an additional 116,811 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Kimco Realty by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after acquiring an additional 48,672 shares in the last quarter. Raiffeisen Bank International AG increased its stake in Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock valued at $1,238,000 after acquiring an additional 47,451 shares during the last quarter. Strs Ohio raised its position in Kimco Realty by 566.3% during the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after purchasing an additional 613,876 shares in the last quarter. Finally, First Bank & Trust raised its position in Kimco Realty by 406.9% during the second quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 41,925 shares in the last quarter. 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.