Wolfe Research Upgrades Kimco Realty to 'Buy'

Wolfe Research has upgraded its rating for Kimco Realty Corporation (NYSE: KIM) to 'Buy' and set a new price target of $28. This upgrade was announced on June 22, 2026, as analyst Andrew Rosivach expressed a positive outlook on the company.

Kimco Realty Corporation Stock Up 6.9%

Shares of NYSE:KIM traded near $24.38 on Monday. Kimco Realty Corporation has a market cap of approximately $16.44 billion and a P/E ratio of 28.02. The stock has seen a 52-week low of $19.76 and a high of $26.08. Its 50-day moving average stands at $23.94, while the 200-day moving average is $22.13. The company's debt-to-equity ratio is 78.79, with a current ratio of 0.49.

Recent Earnings

In its most recent earnings report, Kimco Realty posted revenue of $2.16 billion, reflecting a 4% growth. The company achieved a net margin of 28.54% and a return on equity of 5.86%. Earnings per share were $0.87. The next earnings report is expected on August 4, 2026.

Dividend

Kimco Realty offers an annual dividend rate of $1.04, yielding 4.27%. The company's dividend payout ratio is 117.24%.

Insider Buying and Selling at Kimco Realty Corporation

Several insiders at Kimco Realty made stock purchases on February 19, 2026. Among them were Executive Vice President and CFO Glenn Gary Cohen, who bought 31,770 shares, and President Ross Cooper, who also acquired 31,770 shares. Other insiders, including Frank Lourenso, Valerie Richardson, Richard Saltzman, and Nancy Lashine, each bought 7,720 shares.

Analysts Set New Price Targets

On June 22, 2026, Wolfe Research upgraded Kimco Realty to a 'Buy' with a $28 price target. Other analysts have maintained their ratings, with Truist Securities and Scotiabank both holding 'Hold' ratings and targets of $25. Barclays maintained a 'Buy' rating with a $28 target on May 12, 2026. The overall consensus is a 'Buy' with an average target price of $25.82, based on 22 analyst opinions.

About Kimco Realty Corporation

Kimco Realty Corporation is a leading real estate investment trust (REIT) specializing in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the United States. Headquartered in Jericho, New York, the company is led by CEO Conor C. Flynn. Kimco's portfolio includes 565 shopping centers and mixed-use assets, totaling 100 million square feet of leasable space. Established in 1958, Kimco has a long history of managing, acquiring, and redeveloping shopping centers.

Bottom Line

Wolfe Research's upgrade of Kimco Realty to 'Buy' with a $28 target reflects confidence in the company's future prospects. Investors often follow such analyst actions closely as they provide insights into potential stock performance. However, it's essential to remember that analyst ratings are just one factor to consider when evaluating a stock.