Kimco Realty (NYSE:KIM) Hits New 52-Week High – Still a Buy?

Kimco Realty Corporation (NYSE:KIM)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.47 and last traded at $26.4640, with a volume of 546955 shares trading hands. The stock had previously closed at $26.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KIM. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. 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 note on Thursday, April 16th. Evercore set a $25.00 price target on Kimco Realty in a research report on Friday, May 1st. Barclays lifted their price target on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Scotiabank increased their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Trading Down 0.5%

The firm’s 50-day simple moving average is $25.04 and its 200-day simple moving average is $23.45. The firm has a market capitalization of $17.70 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 2.90 and a beta of 0.95. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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. The firm 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp increased its position in shares of Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after acquiring an additional 773,780 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Kimco Realty during the fourth quarter worth about $900,000. Geode Capital Management LLC boosted its holdings in shares of Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after purchasing an additional 223,936 shares during the period. Strs Ohio boosted its holdings in shares of Kimco Realty by 566.3% during the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after purchasing an additional 613,876 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Kimco Realty by 7.5% in the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after purchasing an additional 443,046 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.