Jericho, New York-based Kimco Realty Corporation (KIM) is a real estate investment trust (REIT). With a market cap of $14.7 billion, it specializes in owning and operating open-air, grocery-anchored shopping centers across North America alongside a growing portfolio of mixed-use assets.
Companies worth $10 billion or more are generally described as "large-cap stocks." KIM fits right into that category, with its market cap exceeding this threshold, reflecting its notable size and influence in the retail REIT industry.
Kimco touched its three-year high of $25.83 on Nov. 29, 2024, and is currently trading 15.7% below that peak. Meanwhile, the stock has gained 4.2% over the past three months, notably outpacing the Real Estate Select Sector SPDR Fund’s (XLRE) marginal 38 bps dip during the same time frame.
Over the longer term, KIM stock has declined 7.1% on a YTD basis and 6.3% over the past 52 weeks, lagging behind XLRE’s 2.5% uptick in 2025, while marginally outpacing XLRE’s 6.7% decline over the past year.
Kimco has traded mostly below its 200-day moving average between mid-February and late August, and above its 50-day moving average since August, highlighting its previous bearish movement and recent upturn.
Kimco’s stock prices declined 3.1% in the trading session following the release of its mixed Q2 results on Jul. 31. Driven by growth in revenues from rental properties and a slight uptick in management and other fees, the company’s overall topline for the quarter grew almost 5% year-over-year to $525.2 million. However, this figure missed the Street’s expectations by a marginal 32 bps. Meanwhile, its FFO per share increased an impressive 7.3% year-over-year to $0.44, surpassing the consensus estimates by 2.3%.
When compared to its peer, Kimco has notably underperformed Realty Income Corporation’s (O) 10.6% surge on a YTD basis and 4.2% decline over the past 52 weeks.
Among the 25 analysts covering the KIM stock, the consensus rating is a “Moderate Buy.” Its mean price target of $24.56 suggests a 12.8% upside potential from current price levels.
