Barclays Cuts Kimco Realty (NYSE:KIM) Price Target to $27.00

Kimco Realty (NYSE:KIM) had its price objective cut by Barclays from $28.00 to $27.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on KIM. Piper Sandler boosted their price target on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. UBS Group set a $23.00 target price on shares of Kimco Realty in a research note on Thursday, September 24th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Citigroup upped their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.29.

Kimco Realty Trading Down 0.9%

Shares of NYSE:KIM opened at $22.23 on Monday. The company’s 50-day moving average price is $23.95 and its two-hundred day moving average price is $24.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty has a one year low of $19.76 and a one year high of $26.65. The stock has a market capitalization of $14.91 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. During the same quarter last year, the company earned $0.44 EPS. Kimco Realty’s revenue for the quarter was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities analysts forecast that Kimco Realty will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.0%. Kimco Realty’s payout ratio is 131.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Kimco Realty in the second quarter valued at $1,895,765,000. Norges Bank acquired a new stake in shares of Kimco Realty during the 4th quarter worth about $215,615,000. Bank of America Corp DE bought a new stake in shares of Kimco Realty during the 2nd quarter worth about $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimco Realty by 7,715.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock worth $159,821,000 after buying an additional 6,223,902 shares during the period. Finally, Legal & General Group Plc acquired a new position in Kimco Realty in the 2nd quarter valued at about $156,283,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.