Kimco Realty (NYSE:KIM) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Kimco Realty (NYSE:KIM) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts also recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 8th. Citigroup decreased their price objective on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Barclays raised their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company reduced their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.33.

Kimco Realty Trading Down 1.4%

Shares of KIM opened at $20.00 on Friday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The stock has a market cap of $13.54 billion, a PE ratio of 24.10, a PEG ratio of 1.43 and a beta of 1.05. Kimco Realty has a 1 year low of $17.93 and a 1 year high of $23.73. The stock has a 50 day simple moving average of $20.75 and a 200-day simple moving average of $21.27.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. During the same quarter in the previous year, the firm earned $0.43 EPS. Kimco Realty’s quarterly revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, sell-side analysts predict that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.26 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.04 annualized dividend and a dividend yield of 5.2%. Kimco Realty’s payout ratio is 125.30%.

Insider Buying and Selling at Kimco Realty

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

Institutional Trading of Kimco Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in Kimco Realty during the 2nd quarter valued at about $27,000. Quent Capital LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $27,000. AlphaQuest LLC bought a new stake in shares of Kimco Realty during the first quarter worth approximately $29,000. City Holding Co. acquired a new position in Kimco Realty in the third quarter valued at approximately $30,000. Finally, CYBER HORNET ETFs LLC bought a new position in Kimco Realty in the second quarter valued at approximately $37,000. 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.