Zacks Research Forecasts Stronger Earnings for Kimco Realty

Kimco Realty Corporation (NYSE:KIM) – Equities researchers at Zacks Research lifted their FY2025 EPS estimates for Kimco Realty in a research report issued on Thursday, November 20th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings of $1.76 per share for the year, up from their prior forecast of $1.74. The consensus estimate for Kimco Realty’s current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Kimco Realty’s Q3 2026 earnings at $0.44 EPS, FY2026 earnings at $1.79 EPS and Q3 2027 earnings at $0.46 EPS.

Several other research firms have also weighed in on KIM. Mizuho increased their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Scotiabank cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen cut shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.27.

Kimco Realty Stock Performance

KIM stock opened at $19.88 on Friday. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The company has a market cap of $13.46 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The business’s fifty day moving average is $21.32 and its 200-day moving average is $21.37.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $535.86 million for the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.26 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s payout ratio is currently 125.30%.

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Kimco Realty

Several hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in shares of Kimco Realty during the second quarter worth about $27,000. Quent Capital LLC acquired a new stake in Kimco Realty in the 3rd quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in Kimco Realty in the 1st quarter valued at approximately $29,000. Keystone Global Partners LLC acquired a new position in Kimco Realty during the 1st quarter worth approximately $30,000. Finally, City Holding Co. acquired a new position in Kimco Realty during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.