Risk factor
Negligible price volatility
Profitability factor
Solid dividends
In Guru Portfolios
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Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
About
Kimco Realty (NYSE:KIM), a prominent Real Estate Investment Trust (REIT) based in Jericho, New York, distinguishes itself as North America's foremost publicly traded proprietor and manager of open-air, grocery-anchored retail centers. The company is also actively expanding its holdings to include a diverse range of mixed-use developments. Its extensive property portfolio is strategically concentrated within the affluent, first-ring suburbs of key metropolitan areas. This encompasses highly sought-after coastal markets with significant barriers to entry, as well as the rapidly developing urban centers of the Sun Belt region. A core element of Kimco's operational strategy involves curating a tenant roster that delivers essential, daily-need goods and services, thereby ensuring consistent and frequent customer traffic to its properties. Beyond its commercial endeavors, Kimco Realty demonstrates a strong commitment to environmental, social, and governance (ESG) principles, earning widespread recognition as an industry leader in these crucial areas. With a history spanning over six decades, the firm has cultivated extensive expertise in the ownership, management, acquisition, and value-enhancement redevelopment of shopping centers. The company has been publicly traded on the NYSE since 1991 and is a constituent of the prestigious S&P 500 Index. As of December 31, 2023, Kimco's substantial portfolio included interests in 523 U.S. shopping centers and mixed-use assets, collectively encompassing an impressive 90 million square feet of gross leasable space.
Company Valuation
Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. In particular, the stock is overpriced on P/E, of fair value on EV/EBIT
Target Price
The average target price of KIM is 27 and suggests 5% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation sugg