Evercore ISI Forecasts Strong Price Appreciation for Kimco Realty (NYSE:KIM) Stock

Kimco Realty (NYSE:KIM) had its price objective upped by Evercore ISI from $22.00 to $23.00 in a research report report published on Monday morning, MarketBeat.com reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

KIM has been the topic of several other research reports. Barclays lifted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Mizuho lifted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Finally, Piper Sandler reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty Stock Down 0.2%

KIM stock opened at $22.31 on Monday. The firm has a market cap of $15.10 billion, a PE ratio of 26.87, a PEG ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The firm’s 50 day moving average price is $21.71 and its 200-day moving average price is $21.15. Kimco Realty has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities research analysts anticipate that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. Kimco Realty’s payout ratio is 120.48%.

Hedge Funds Weigh In On Kimco Realty

Several institutional investors have recently modified their holdings of KIM. Trust Co. of Toledo NA OH acquired a new position in shares of Kimco Realty in the second quarter worth $27,000. AlphaQuest LLC purchased a new stake in shares of Kimco Realty during the 1st quarter worth $29,000. Golden State Wealth Management LLC lifted its position in shares of Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 911 shares during the last quarter. Keystone Global Partners LLC purchased a new stake in shares of Kimco Realty during the 1st quarter worth $30,000. Finally, WASHINGTON TRUST Co purchased a new stake in shares of Kimco Realty during the 1st quarter worth $34,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.