Kimco Realty (NYSE:KIM) Reaches New 12-Month High – What’s Next?

Kimco Realty Corporation (NYSE:KIM) shares hit a new 52-week high on Friday . The stock traded as high as $26.43 and last traded at $26.3580, with a volume of 412361 shares. The stock had previously closed at $26.03.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research note on Thursday, June 11th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.88.

Kimco Realty Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a 50-day moving average price of $24.65 and a 200-day moving average price of $23.15. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.88 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

Institutional Trading of Kimco Realty

A number of hedge funds have recently modified their holdings of the stock. M&T Bank Corp lifted its position in shares of Kimco Realty by 4,368.2% during the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after acquiring an additional 773,780 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in Kimco Realty during the fourth quarter worth about $900,000. Geode Capital Management LLC lifted its position in Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after purchasing an additional 223,936 shares during the period. Strs Ohio grew its stake 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 worth $16,230,000 after buying an additional 613,876 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Kimco Realty by 7.5% during the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after buying an additional 443,046 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

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.