Kimco Realty (NYSE:KIM) Sets New 12-Month High – Should You Buy?

Kimco Realty Corporation (NYSE:KIM) reached a new 52-week high during trading on Monday . The company traded as high as $26.47 and last traded at $26.4640, with a volume of 546955 shares trading hands. The stock had previously closed at $26.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore set a $25.00 target price on shares of Kimco Realty in a research report on Friday, May 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Scotiabank boosted their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Truist Financial upped their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. One 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.12.

Kimco Realty Trading Up 1.3%

The stock has a market cap of $17.82 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. The firm’s 50 day simple moving average is $24.93 and its two-hundred day simple moving average is $23.37. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78.

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. The business had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 3.9%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds have recently made changes to their positions in KIM. State Street Corp boosted its position in shares of 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 buying an additional 1,034,573 shares during the period. Geode Capital Management LLC increased its position 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 valued at $386,617,000 after acquiring an additional 223,936 shares during the period. Invesco Ltd. increased its position in Kimco Realty by 34.9% in 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 acquiring an additional 4,399,959 shares during the period. Centersquare Investment Management LLC raised its stake in Kimco Realty by 8.1% during the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after acquiring an additional 970,276 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Kimco Realty by 0.5% during the 3rd 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 acquiring an additional 63,054 shares in the last quarter. Institutional investors 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.