Kimco Realty (NYSE:KIM) Stock Gets Price Target Trim from Wells Fargo & Company

Kimco Realty (NYSE:KIM) had its price objective decreased by Wells Fargo & Company from $26.00 to $23.00 in a research report report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup increased their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Morgan Stanley upped their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 29th. Finally, Truist Financial started coverage on Kimco Realty in a report on Thursday, October 1st. They issued a “hold” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Trading Up 0.1%

Shares of Kimco Realty stock opened at $23.63 on Friday. Kimco Realty has a 1 year low of $19.76 and a 1 year high of $26.65. The firm has a market cap of $15.85 billion, a PE ratio of 27.80, a PEG ratio of 2.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The company has a 50 day simple moving average of $23.08 and a two-hundred day simple moving average of $24.01.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts expect that Kimco Realty will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 4th. Kimco Realty’s payout ratio is 131.76%.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors have recently made changes to their positions in the business. Raiffeisen Bank International AG lifted its stake in Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after purchasing an additional 47,451 shares during the last quarter. Nykredit A S purchased a new stake in Kimco Realty during the second quarter valued at about $4,380,000. CX Institutional boosted its position in Kimco Realty by 757.8% during the third quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock valued at $1,367,000 after buying an additional 54,361 shares during the period. Cetera Investment Advisers boosted its position in Kimco Realty by 144.4% during the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after buying an additional 116,811 shares during the period. Finally, Strs Ohio grew its stake 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 valued at $16,230,000 after buying an additional 613,876 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

About Kimco Realty

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.