Kimco Realty (NYSE:KIM – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.830-1.840 for the period, compared to the consensus estimate of 1.830. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
KIM has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. Scotiabank boosted their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday, June 11th. Finally, UBS Group boosted their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.12.
View Our Latest Analysis on KIM
Kimco Realty Stock Down 0.8%
Kimco Realty Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s payout ratio is currently 120.93%.
Institutional Trading of Kimco Realty
A number of hedge funds and other institutional investors have recently modified their holdings of KIM. Zions Bancorporation National Association UT raised its stake in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,049 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the 2nd quarter valued at $37,000. MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty during the 2nd quarter worth $42,000. Geneos Wealth Management Inc. acquired a new position in Kimco Realty in the 1st quarter worth about $61,000. Finally, BOKF NA boosted its stake in shares of Kimco Realty by 526.0% during the third quarter. BOKF NA now owns 4,407 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 3,703 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.
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.
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