Scotiabank Forecasts Strong Price Appreciation for Kimco Realty (NYSE:KIM) Stock

Kimco Realty (NYSE:KIM) had its price objective increased by Scotiabank from $24.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 6.84% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Truist Financial lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a report on Friday, February 13th. Finally, Wells Fargo & Company increased their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Kimco Realty Price Performance

Shares of KIM stock opened at $23.40 on Tuesday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty has a 12-month low of $19.76 and a 12-month high of $24.31. The firm has a fifty day moving average of $23.16 and a 200-day moving average of $21.78. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.97.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities research analysts forecast that Kimco Realty will post 1.83 earnings per share for the current year.

Institutional Trading of Kimco Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in KIM. Zions Bancorporation National Association UT lifted its position in shares of Kimco Realty by 270.4% in 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 purchasing an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the last quarter. Root Financial Partners LLC lifted 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 worth $32,000 after buying an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the 2nd quarter worth about $37,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty during the 2nd 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.