Kimco Realty (NYSE:KIM) Stock Rating Upgraded by Jefferies Financial Group

by · The Markets Daily

Kimco Realty (NYSE:KIM – Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Friday,Zacks.com reports.

KIM has been the subject of several other reports. Morgan Stanley increased their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Scotiabank boosted their price target on Kimco Realty from $24.00 to $25.00 and gave the stock 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. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Wells Fargo & Company lifted their target price on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.50.

Read Our Latest Report on Kimco Realty

Kimco Realty Stock Up 1.4%

Shares of NYSE:KIM opened at $25.88 on Friday. The company has a fifty day moving average of $24.18 and a 200-day moving average of $22.61. The company has a market capitalization of $17.45 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty has a 52-week low of $19.76 and a 52-week high of $26.08.

Kimco Realty (NYSE:KIM – Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.Kimco Realty’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts predict that Kimco Realty will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after acquiring an additional 38,554 shares during the period. Geneos Wealth Management Inc. bought a new stake in Kimco Realty in the first quarter valued at approximately $61,000. Quantbot Technologies LP bought a new stake in Kimco Realty in the second quarter valued at approximately $331,000. Finally, EverSource Wealth Advisors LLC increased its position in Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

(Get Free Report)

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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