Kimco Realty (NYSE:KIM) Reaches New 52-Week High – Time to Buy?

Shares of Kimco Realty Corporation (NYSE:KIM) hit a new 52-week high during trading on Tuesday . The company traded as high as $24.33 and last traded at $24.31, with a volume of 89296 shares trading hands. The stock had previously closed at $24.11.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. Scotiabank increased their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, February 13th. Finally, Truist Financial increased their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Kimco Realty Trading Up 0.8%

The firm has a market capitalization of $16.39 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The business’s 50-day moving average is $23.24 and its 200 day moving average is $21.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period last year, the firm earned $0.44 earnings per share. Kimco Realty’s revenue for the quarter was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Institutional Investors Weigh In On Kimco Realty

Large investors have recently bought and sold shares of the company. Zions Bancorporation National Association UT grew its stake in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares in the last quarter. Root Financial Partners LLC grew its stake in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty during the second quarter worth about $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in Kimco Realty during the second quarter worth about $42,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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.