Kimco Realty (NYSE:KIM) Stock Gets Price Target Trim from UBS Group

Kimco Realty (NYSE:KIM) had its price objective decreased by UBS Group from $29.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust’s stock.

KIM has been the topic of a number of other research reports. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a research report on Thursday, June 11th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Morgan Stanley increased their price target on Kimco Realty from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 29th. Mizuho decreased their price target on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, September 24th. Finally, Wells Fargo & Company raised their price target on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Stock Down 0.0%

Shares of KIM stock opened at $22.16 on Friday. The firm’s fifty day moving average price is $23.41 and its two-hundred day moving average price is $23.98. 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 has a 1 year low of $19.76 and a 1 year high of $26.65. The firm has a market capitalization of $14.86 billion, a P/E ratio of 26.07, a PEG ratio of 2.57 and a beta of 0.94.

Kimco Realty (NYSE:KIM) last posted 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 company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. During the same period in the prior year, the business posted $0.44 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a $0.28 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, September 4th. Kimco Realty’s dividend payout ratio is 131.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Root Financial Partners LLC boosted its stake 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 worth $32,000 after acquiring an additional 546 shares during the period. IFP Advisors Inc increased its holdings in shares of Kimco Realty by 37.9% during the 2nd quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 478 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Kimco Realty by 42.9% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,000 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 900 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in Kimco Realty by 100.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,500 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Kimco Realty by 41.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 847 shares during the period. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.