Kimco Realty (NYSE:KIM) Given New $27.00 Price Target at Barclays

Kimco Realty (NYSE:KIM) had its price objective reduced by Barclays from $28.00 to $27.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on KIM. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Kimco Realty in a research report on Tuesday, August 11th. UBS Group set a $23.00 target price on shares of Kimco Realty in a research report on Thursday. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday, June 22nd. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company boosted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average target price of $26.24.

Kimco Realty Stock Up 0.1%

Shares of Kimco Realty stock opened at $22.47 on Monday. The stock has a 50-day moving average price of $24.10 and a 200 day moving average price of $24.03. The company has a market cap of $15.07 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.58 and a beta of 0.93. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.65.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, analysts expect that Kimco Realty will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is presently 131.76%.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIM. Geode Capital Management LLC boosted its holdings 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 valued at $386,617,000 after acquiring an additional 223,936 shares during the period. Cetera Investment Advisers increased its stake in shares of Kimco Realty by 144.4% in the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after purchasing an additional 116,811 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Kimco Realty by 9.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after purchasing an additional 48,672 shares during the period. Raiffeisen Bank International AG lifted its holdings in shares of Kimco Realty by 9,783.7% during the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 47,451 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of 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 during the last quarter. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company’s portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.