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

by · The Cerbat Gem

Kimco Realty (NYSE:KIM – Get Free Report) had its target price increased by Scotiabank from $24.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 6.84% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler raised their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company increased their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Barclays boosted their price objective 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. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Truist Financial lifted their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

View Our Latest Report on KIM

Kimco Realty Trading Down 0.3%

Shares of KIM opened at $23.40 on Tuesday. 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 company has a market cap of $15.78 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.25 and a beta of 0.97. The stock has a fifty day moving average price of $23.16 and a two-hundred day moving average price of $21.78. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $24.31.

Kimco Realty (NYSE:KIM – Get Free Report) last announced its 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 return on equity of 5.82% and a net margin of 28.54%.The company had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts predict that Kimco Realty will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its stake in shares of Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC boosted its holdings in Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares during the last quarter. EPG Wealth Management LLC boosted its holdings in Kimco Realty by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 530 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 589 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

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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.

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