Kimco Realty (NYSE:KIM) Reaches New 1-Year High – Time to Buy?

Kimco Realty Corporation (NYSE:KIM)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.43 and last traded at $26.3580, with a volume of 412361 shares. The stock had previously closed at $26.03.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of research analyst reports. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. UBS Group increased their price target on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company lifted their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Finally, Barclays upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.88.

Kimco Realty Trading Up 0.6%

The firm has a market capitalization of $17.66 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company’s 50-day simple moving average is $24.60 and its 200 day simple moving average is $23.12. 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 (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating 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 analysts’ expectations of $542.73 million. During the same period last year, the business earned $0.44 EPS. The company’s revenue 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, sell-side analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Hedge Funds Weigh In On Kimco Realty

A number of large investors have recently made changes to their positions in KIM. Tema ETFs LLC lifted its holdings in shares of Kimco Realty by 9.9% during the 2nd quarter. Tema ETFs LLC now owns 12,904 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 1,160 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Kimco Realty by 24.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 12,514 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 2,450 shares in the last quarter. First Bank & Trust boosted its position in shares of Kimco Realty by 406.9% in the 2nd quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 41,925 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Kimco Realty during the 2nd quarter worth $82,000. Finally, Czech National Bank grew its stake in Kimco Realty by 4.6% during the 2nd quarter. Czech National Bank now owns 191,957 shares of the real estate investment trust’s stock worth $4,866,000 after buying an additional 8,371 shares during the last quarter. 89.25% of the stock is 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.