Zacks Research Expects Stronger Earnings for Kimco Realty

Kimco Realty Corporation (NYSE:KIM) – Research analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of Kimco Realty in a report released on Thursday, May 21st. Zacks Research analyst Team now forecasts that the real estate investment trust will earn $1.81 per share for the year, up from their previous estimate of $1.80. The consensus estimate for Kimco Realty’s current full-year earnings is $1.83 per share. Zacks Research also issued estimates for Kimco Realty’s Q1 2027 earnings at $0.47 EPS, Q3 2027 earnings at $0.47 EPS, Q4 2027 earnings at $0.46 EPS, FY2027 earnings at $1.88 EPS, Q1 2028 earnings at $0.49 EPS and FY2028 earnings at $1.93 EPS.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.Kimco Realty’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Robert W. Baird set a $25.00 target price on Kimco Realty in a report on Friday, February 13th. Morgan Stanley increased their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. Finally, Piper Sandler increased their price objective on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.00.

Kimco Realty Trading Up 1.9%

Shares of KIM stock opened at $24.58 on Wednesday. The stock has a market capitalization of $16.58 billion, a PE ratio of 28.58, a P/E/G ratio of 1.31 and a beta of 0.97. Kimco Realty has a 1-year low of $19.76 and a 1-year high of $24.59. The business has a 50-day moving average of $23.27 and a 200 day moving average of $21.92. 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 Announces Dividend

The business also recently disclosed 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 4.2%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Kimco Realty by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC increased its position in Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC increased its position in Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 530 shares in the last quarter. Root Financial Partners LLC increased its position in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 589 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.