Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. As of September 30, 2020, the company owned interests in 400 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years.
IPO Year:
Exchange: NYSE
Website: kimcorealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2024 | Outperform → Neutral | Mizuho | |
| 8/16/2024 | $25.00 | Mkt Perform → Strong Buy | Raymond James |
| 4/5/2024 | $24.00 → $20.00 | Buy → Neutral | BofA Securities |
| 3/22/2024 | $26.00 → $20.00 | Buy → Neutral | Citigroup |
| 1/30/2024 | $23.00 | Hold | Deutsche Bank |
| 9/20/2023 | $20.00 | Underweight → Equal Weight | Wells Fargo |
| 9/18/2023 | $21.00 → $20.00 | Neutral → Buy | Mizuho |
| 8/28/2023 | $22.00 | Neutral → Buy | Compass Point |
| 8/16/2023 | $21.00 | Buy → Neutral | Goldman |
| 5/24/2023 | $19.00 | Underweight | Wells Fargo |
– Portfolio Occupancy Matches All-Time High – – Board Increases Quarterly Cash Dividend on Common Shares by 4.2% – – Raises 2024 Outlook – JERICHO, N.Y., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the third quarter ended September 30, 2024. For the three months ended September 30, 2024 and 2023, Kimco Realty's net income available to the company's common shareholders per diluted share was $0.19 and $0.18, respectively. Third Quarter Highlights Grew Funds From Operatio
– Florida's Premier Grocery-Anchored Lifestyle Center and Retail Landmark – – One of Florida's Top Retail Destinations with Nearly 14 Million Annual Visits – JERICHO, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, is pleased to announce the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signature asset spanning 79 acres in Orlando, Florida for $322 million, including the assumption of a $164 million mortgage. The property, which is approximately 99% occupied, features a hig
JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced that S&P Global Ratings ("S&P") revised its rating outlook for KIM to ‘Positive' from ‘Stable' and affirmed the Company's ratings, including the ‘BBB+' Issuer Credit Rating. In its public announcement, S&P noted "The positive outlook reflects our expectation for Kimco to achieve solid operating performance over the next two years. This stems from favorable retail fundamentals, historically high leased occupancy, positive le
JERICHO, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) will announce its third quarter 2024 earnings on Thursday, October 31, 2024, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows: When: 8:30 AM ET, October 31, 2024 Live Webcast: 3Q24 Kimco Realty Earnings Conference Call or on Kimco Realty's website investors.kimcorealty.com Dial #: 1-888-317-6003 (International: 1-412-317-6061). Passcode: 1893940 Audio from the conference will be available on Kimco Realty's investor relations website until January 31, 2025. About Kimco Realty® Kimco Realty® (NYSE:KIM) is a real estate investment trust
JERICHO, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the company achieved an ‘A-' credit rating with a stable outlook from Fitch Ratings ("Fitch"), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-' equivalent or better. In its public announcement, Fitch noted "Kimco's rating reflects the long-term stewardship of its highly capable management teams and board oversight, allowing it to flourish across many commercial real estate cycles. The company
JERICHO, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today that it has amended and upsized its unsecured term loan to $550 million from the prior amount of $500 million. The amendment added one bank with the terms, applicable spread, maturity date and credit covenants unchanged from the term loan agreement dated January 2, 2024 (as amended on May 3, 2024 and July 17, 2024 prior to the date hereof) with Toronto Dominion (Texas) LLC, as administrative agent, and certain lenders pa
JERICHO, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the publication of its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company's inaugural green bond, issued in July of 2020. The $493.7 million in net proceeds from the green bond issuance were fully allocated to finance Eligible Green Projects, as defined by Kimco's Green Bond Framework. "We are incredibly proud to have achieved full allocation o
– Strong Operating Performance Drives Growth in Net Income and FFO – – Small Shop Occupancy Matches Record High – – Raises 2024 Outlook – JERICHO, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the second quarter ended June 30, 2024. For the three months ended June 30, 2024 and 2023, Kimco Realty's net income available to the company's common shareholders per diluted share was $0.17 and $0.16, respectively. Second Quarter Highlights Grew Funds From Operations* (FFO)
JERICHO, N.Y., July 17, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today that it has amended and upsized its unsecured term loan to $500 million from the prior amount of $200 million. The amendment incorporates the inclusion of four additional banks with the terms, applicable spread, maturity date and credit covenants unchanged from the term loan agreement Kimco entered into on January 2, 2024 with TD Bank, N.A. Subsequently, the company entered into interest rate swap agreements, fixing the rat
JERICHO, N.Y., June 27, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, has published its 2023 Corporate Responsibility Report. The report highlights the company's progress in addressing environmental, social, and governance (ESG) topics, which have been an area of focus for Kimco and its stakeholders for over a decade. "We take great pride in the tangible progress Kimco has made in 2023, demonstrating our commitment to our stakeholders through both actions and results," said Kimco CEO Conor Flynn. "Our a
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– Portfolio Occupancy Matches All-Time High – – Board Increases Quarterly Cash Dividend on Common Shares by 4.2% – – Raises 2024 Outlook – JERICHO, N.Y., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the third quarter ended September 30, 2024. For the three months ended September 30, 2024 and 2023, Kimco Realty's net income available to the company's common shareholders per diluted share was $0.19 and $0.18, respectively. Third Quarter Highlights Grew Funds From Operatio
– Florida's Premier Grocery-Anchored Lifestyle Center and Retail Landmark – – One of Florida's Top Retail Destinations with Nearly 14 Million Annual Visits – JERICHO, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, is pleased to announce the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signature asset spanning 79 acres in Orlando, Florida for $322 million, including the assumption of a $164 million mortgage. The property, which is approximately 99% occupied, features a hig
JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty Corporation (NYSE:KIM) (the "Company") today announced that its subsidiary, Kimco Realty OP, LLC ("Kimco OP" and, together with the Company, "Kimco"), has priced a public offering of $500 million aggregate principal amount of 4.850% notes due 2035 (the "notes") with an effective yield of 4.873%, maturing March 1, 2035. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on September 16, 2024, subject to the satisfaction of customary closing conditions. Kimco intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, fu
JERICHO, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced that S&P Global Ratings ("S&P") revised its rating outlook for KIM to ‘Positive' from ‘Stable' and affirmed the Company's ratings, including the ‘BBB+' Issuer Credit Rating. In its public announcement, S&P noted "The positive outlook reflects our expectation for Kimco to achieve solid operating performance over the next two years. This stems from favorable retail fundamentals, historically high leased occupancy, positive le
JERICHO, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) will announce its third quarter 2024 earnings on Thursday, October 31, 2024, before market open. You are invited to listen to our quarterly earnings conference call. The webcast information is as follows: When: 8:30 AM ET, October 31, 2024 Live Webcast: 3Q24 Kimco Realty Earnings Conference Call or on Kimco Realty's website investors.kimcorealty.com Dial #: 1-888-317-6003 (International: 1-412-317-6061). Passcode: 1893940 Audio from the conference will be available on Kimco Realty's investor relations website until January 31, 2025. About Kimco Realty® Kimco Realty® (NYSE:KIM) is a real estate investment trust
JERICHO, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the company achieved an ‘A-' credit rating with a stable outlook from Fitch Ratings ("Fitch"), making it one of just 12 publicly-listed U.S. REITs with a credit rating of ‘A-' equivalent or better. In its public announcement, Fitch noted "Kimco's rating reflects the long-term stewardship of its highly capable management teams and board oversight, allowing it to flourish across many commercial real estate cycles. The company
JERICHO, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) announced today that its management will present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024. Event: Kimco Realty® Management Presentation When: Tuesday, September 10, 2024 from 11:05 AM – 11:40 AM, ET Live Webcast: Kimco Management to Present at BofA Securities 2024 Global Real Estate Conference A replay of the webcast will be available 24 hours after the conclusion of the live event until September 12, 2025 at the above link. About Kimco Realty® Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-a
JERICHO, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today that it has amended and upsized its unsecured term loan to $550 million from the prior amount of $500 million. The amendment added one bank with the terms, applicable spread, maturity date and credit covenants unchanged from the term loan agreement dated January 2, 2024 (as amended on May 3, 2024 and July 17, 2024 prior to the date hereof) with Toronto Dominion (Texas) LLC, as administrative agent, and certain lenders pa
JERICHO, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the publication of its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company's inaugural green bond, issued in July of 2020. The $493.7 million in net proceeds from the green bond issuance were fully allocated to finance Eligible Green Projects, as defined by Kimco's Green Bond Framework. "We are incredibly proud to have achieved full allocation o
– Strong Operating Performance Drives Growth in Net Income and FFO – – Small Shop Occupancy Matches Record High – – Raises 2024 Outlook – JERICHO, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM), a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, today reported results for the second quarter ended June 30, 2024. For the three months ended June 30, 2024 and 2023, Kimco Realty's net income available to the company's common shareholders per diluted share was $0.17 and $0.16, respectively. Second Quarter Highlights Grew Funds From Operations* (FFO)
Mizuho downgraded Kimco Realty from Outperform to Neutral
Raymond James upgraded Kimco Realty from Mkt Perform to Strong Buy and set a new price target of $25.00
BofA Securities downgraded Kimco Realty from Buy to Neutral and set a new price target of $20.00 from $24.00 previously
Citigroup downgraded Kimco Realty from Buy to Neutral and set a new price target of $20.00 from $26.00 previously
Deutsche Bank initiated coverage of Kimco Realty with a rating of Hold and set a new price target of $23.00
Wells Fargo upgraded Kimco Realty from Underweight to Equal Weight and set a new price target of $20.00
Mizuho upgraded Kimco Realty from Neutral to Buy and set a new price target of $20.00 from $21.00 previously
Compass Point upgraded Kimco Realty from Neutral to Buy and set a new price target of $22.00
Goldman downgraded Kimco Realty from Buy to Neutral and set a new price target of $21.00
Wells Fargo initiated coverage of Kimco Realty with a rating of Underweight and set a new price target of $19.00
NEW YORK, Dec. 19, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2: S&P SmallCap 600 constituent Livent Corp. (NYSE:LTHM) will replace NCR Voyix (NYSE:VYX) in the S&P MidCap 400, and NCR Voyix will replace Livent in the S&P SmallCap 600. Allkem Limited (ASX: AKE) is merging with Livent in a transaction expected to be completed on or about Thursday, January 4 pending final conditions. The combined company will be considered US domiciled for index purposes, and Livent will be treated as the surviving entity. Post merger, the company will be named Arcadium Lithium
JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that Henry Moniz has been appointed to the company’s Board of Directors. Mr. Moniz is Executive Vice President and Chief Compliance Officer at ViacomCBS Inc., where he also serves as Chief Audit Executive. With this appointment, Kimco’s Board has expanded to include nine members. Mr. Moniz’s term will begin immediately. In his role at ViacomCBS, Mr. Moniz advises the company’s Board of Directors, Chief Executive Officer, and other members of management on governance
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Kimco Realty's (NYSE:KIM) short percent of float has fallen 12.07% since its last report. The company recently reported that it has 15.01 million shares sold short, which is 3.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.7 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Mizuho analyst Vikram Malhorta maintains Kimco Realty (NYSE:KIM) with a Buy and lowers the price target from $21 to $20.
7 analysts have shared their evaluations of Kimco Realty (NYSE:KIM) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 2 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.86, along with a high estimate of $22.00 and a low estimate of $20.00. A 10.43% dro
Truist Securities analyst Ki Bin Kim maintains Kimco Realty (NYSE:KIM) with a Hold and lowers the price target from $23 to $22.
Kimco Realty's (NYSE:KIM) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 16.45 million shares sold short, which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.43 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
2024 Full Year Outlook The company has updated 2024 guidance for Net income and FFO per diluted share as follows: Current * Previous* Net income: $0.40 to $0.44 $0.47 to $0.51 FFO: $1.56 to $1.60 $1.54 to $1.58
Kimco Realty (NYSE:KIM) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.37 by 5.41 percent. This is unchanged from the same period last year. The company reported quarterly sales of $503.754 million which beat the analyst consensus estimate of $477.313 million by 5.54 percent. This is a 13.74 percent increase over sales of $442.892 million the same period last year.
U.S. stocks look to push ahead on a positive path, now that the Federal Reserve’s rate decision is in the rearview mirror. Major index futures point to a positive open on Thursday. Pent-up demand following the recent losses could provide some upward thrust to the market but a lot would ride on the earnings reports that traders get to digest. Apple, Inc. (NASDAQ:AAPL) is on track to report after the market closes, while most tech earnings released after Wednesday’s closing bell have triggered negative reactions. Traders may also watch out for the jobless claims data and bond yields, given their significance for the Fed funds rate. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.64%Dow
Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally’s momentum going. The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:META) the outlier. The social media giant’s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company’s massive AI investment plans. Tesla, Inc. (NASDAQ:TSLA) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordab