7/22/25
Investing.com - Raymond James raised its price target on Kimco (NYSE:KIM) to $28.00 from $25.00 on Tuesday, while maintaining a Strong Buy rating on the retail REIT. The company, with a market capitalization of $14.65 billion, currently offers a 4.63% dividend yield and has maintained dividend payments for 34 consecutive years, according to InvestingPro data.
The investment firm cited a positive outlook for Kimco’s earnings growth and potential for cap rate compression across the sector as key factors behind the increased target.
In other recent news, Kimco Realty Corporation announced a $500 million notes offering due in 2036, with a 5.300% interest rate and an effective yield of 5.354%. This offering is set to settle in June 2025, pending standard closing conditions. Meanwhile, Barclays initiated coverage on Kimco with an Overweight rating, citing the company’s strength in grocery-anchored shopping centers and setting a price target of $25.00. Additionally, Stifel adjusted its outlook on Kimco, lowering the price target to $25.75 from $27.50 but maintaining a Buy rating. Stifel analysts noted the company’s confidence in raising guidance despite industry uncertainties, highlighting strong consumer traffic and leasing demand.
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