Kimco Realty (NYSE:KIM) Price Target Raised to $31.00 at Piper Sandler

Kimco Realty (NYSE:KIM) had its price target increased by Piper Sandler from $28.00 to $31.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial restated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Truist Financial boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

Kimco Realty Trading Up 0.2%

NYSE KIM opened at $26.07 on Tuesday. The stock has a market capitalization of $17.58 billion, a P/E ratio of 30.32, a P/E/G ratio of 2.87 and a beta of 0.95. The business has a 50 day simple moving average of $24.75 and a 200 day simple moving average of $23.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty has a one year low of $19.76 and a one year high of $26.45.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio is presently 120.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Kimco Realty in the fourth quarter worth $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kimco Realty by 541.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after buying an additional 5,322,009 shares in the last quarter. Invesco Ltd. raised its position in shares of Kimco Realty by 34.9% during the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares in the last quarter. Bank of America Corp DE raised its position in shares of Kimco Realty by 38.0% during the 1st quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock valued at $196,692,000 after buying an additional 2,412,675 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock worth $49,173,000 after acquiring an additional 2,403,585 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

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.