BMO Capital analyst Juan C. Sanabria has maintained their neutral stance on KIM stock, giving a Hold rating on July 29.
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Juan C. Sanabria has given his Hold rating due to a combination of factors including Kimco Realty’s solid but unspectacular performance in the second quarter of 2025. The company showed strong leasing momentum and a solid core with same-store net operating income (SSNOI) growth of 3.1% year-over-year, although this was somewhat impacted by known vacancies and lagged behind its peers. Despite the positive earnings guidance and a slight increase in SSNOI expectations, there is an implied deceleration in the second half of 2025.
Additionally, while Kimco Realty executed its first freestanding box sale at a compelling yield and expanded its structured investment program, the overall results did not exceed elevated market expectations. The funds from operations (FFO) per share beat expectations, but the SSNOI growth and minimum rent increases were below those of its peers. These factors combined suggest a stable outlook, justifying the Hold rating.
In another report released on July 29, Morgan Stanley also maintained a Hold rating on the stock with a $22.00 price target.