Kimco Realty (NYSE:KIM) Sets New 12-Month High – What’s Next?
by Renee Jackson · The Cerbat GemKimco Realty Corporation (NYSE:KIM – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $26.08 and last traded at $25.8890, with a volume of 6563181 shares trading hands. The stock had previously closed at $25.91.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Morgan Stanley boosted their price objective on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Wells Fargo & Company increased their price objective 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. Finally, Scotiabank raised their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.33.
View Our Latest Analysis on Kimco Realty
Kimco Realty Trading Down 0.3%
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 business has a fifty day simple moving average of $23.76 and a 200 day simple moving average of $22.30. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.97 and a beta of 0.96.
Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business 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%.The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current year.
Kimco Realty Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio is 120.93%.
Institutional Investors Weigh In On Kimco Realty
A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Quadrant Capital Group LLC raised its position in shares of Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 503 shares during the last quarter. Parallel Advisors LLC grew its stake in Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 520 shares during the period. EPG Wealth Management LLC grew its stake in Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 530 shares during the period. Root Financial Partners LLC raised its holdings in Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Kimco Realty by 5.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 589 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
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.