Kimco Realty (NYSE:KIM) Reaches New 12-Month High – Should You Buy?

Kimco Realty Corporation (NYSE:KIM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $24.84 and last traded at $24.97, with a volume of 357957 shares traded. The stock had previously closed at $24.24.

Wall Street Analyst Weigh In

KIM has been the subject of several research analyst reports. Piper Sandler raised their price target on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. 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 note on Thursday, March 5th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Evercore set a $25.00 price objective on Kimco Realty in a report on Friday, May 1st. Finally, Robert W. Baird set a $25.00 price objective on Kimco Realty in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty has a consensus rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Price Performance

The stock has a fifty day simple moving average of $23.51 and a two-hundred day simple moving average of $22.15. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $16.97 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same period last year, the firm earned $0.44 EPS. The company’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. On average, equities analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after acquiring an additional 1,034,573 shares during the period. Geode Capital Management LLC raised its holdings in Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the last quarter. Invesco Ltd. raised its holdings in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after acquiring an additional 4,399,959 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Kimco Realty by 8.1% in the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after acquiring an additional 970,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Kimco Realty by 0.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after buying an additional 63,054 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.