Kimco Realty (NYSE:KIM) Raised to “Hold” at Wells Fargo & Company

Kimco Realty (NYSE:KIM) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

KIM has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday, June 22nd. Barclays increased their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Piper Sandler boosted their target price on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $26.12.

Kimco Realty Stock Up 1.3%

Shares of Kimco Realty stock opened at $26.09 on Thursday. The stock has a 50-day moving average price of $24.93 and a 200 day moving average price of $23.35. The company has a market cap of $17.59 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.83 and a beta of 0.95. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.45.

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

Institutional Trading of Kimco Realty

Several large investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after acquiring an additional 1,034,573 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Kimco Realty by 1.2% in the 4th 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 last quarter. Invesco Ltd. boosted its position in Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after purchasing an additional 4,399,959 shares during the period. Centersquare Investment Management LLC boosted its position in Kimco Realty by 8.1% during the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after purchasing an additional 970,276 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Kimco Realty by 0.5% during the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares during the last quarter. Institutional investors 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.