Kimco Realty (NYSE:KIM) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Kimco Realty (NYSE:KIM) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Several other research firms have also recently commented on KIM. Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a report on Thursday, June 11th. Evercore set a $25.00 target price on Kimco Realty in a research report on Friday, May 1st. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Finally, Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Stock Performance

KIM stock opened at $26.09 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.87 and a beta of 0.95. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.45. The stock’s fifty day moving average is $24.93 and its two-hundred day moving average is $23.35.

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

Kimco Realty Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tema ETFs LLC increased its stake in shares of Kimco Realty by 9.9% during the second quarter. Tema ETFs LLC now owns 12,904 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 1,160 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Kimco Realty by 24.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 12,514 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 2,450 shares during the period. First Bank & Trust lifted its position in Kimco Realty by 406.9% in the second quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 41,925 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Kimco Realty in the second quarter worth approximately $82,000. Finally, Czech National Bank boosted its stake in Kimco Realty by 4.6% during the 2nd quarter. Czech National Bank now owns 191,957 shares of the real estate investment trust’s stock valued at $4,866,000 after purchasing an additional 8,371 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

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.