Kimco Realty (NYSE:KIM) Price Target Raised to $25.00

Kimco Realty (NYSE:KIM) had its target price lifted by Morgan Stanley from $24.00 to $25.00 in a report released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on KIM. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a report on Monday, June 29th. Piper Sandler increased their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Barclays reduced their price objective on shares of Kimco Realty from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday. Mizuho lowered their target price on shares of Kimco Realty from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $26.24.

Kimco Realty Trading Up 0.0%

Shares of Kimco Realty stock opened at $22.21 on Tuesday. The company has a market capitalization of $14.90 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The company has a fifty day moving average of $23.88 and a 200 day moving average of $24.01. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $26.65.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, sell-side analysts anticipate that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a 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 is presently 131.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Cetera Investment Advisers raised its holdings in Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after buying an additional 116,811 shares during the period. Raiffeisen Bank International AG boosted its stake in 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 period. Rockefeller Capital Management L.P. increased its position in Kimco Realty by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after acquiring an additional 48,672 shares during the last quarter. Strs Ohio increased its position in Kimco Realty by 566.3% during the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after acquiring an additional 613,876 shares during the last quarter. Finally, First Bank & Trust increased its position in Kimco Realty by 406.9% during the second quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 41,925 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.