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

Shares of Kimco Realty Corporation (NYSE:KIM) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $24.1923.

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Citigroup dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, UBS Group decreased their target price on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday.

Kimco Realty Trading Up 0.9%

Shares of KIM stock opened at $20.60 on Tuesday. Kimco Realty has a 1 year low of $17.93 and a 1 year high of $23.65. The firm’s fifty day simple moving average is $20.32 and its 200 day simple moving average is $21.20. The firm has a market capitalization of $13.95 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $535.86 million during the quarter, compared to the consensus estimate of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, sell-side analysts predict that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.0%. Kimco Realty’s dividend payout ratio (DPR) is presently 125.30%.

Institutional Trading of Kimco Realty

Several institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after acquiring an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 18,679,552 shares of the real estate investment trust’s stock worth $391,122,000 after purchasing an additional 260,928 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Kimco Realty by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after purchasing an additional 63,054 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Kimco Realty by 1.6% during the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after purchasing an additional 188,261 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Kimco Realty by 27.2% during the 3rd quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after purchasing an additional 2,280,090 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

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.