Kimco Realty Corporation (NYSE:KIM) is among the 14 Most Profitable Real Estate Stocks Right Now. On March 24, Scotiabank lifted the price target on Kimco Realty Corporation (NYSE:KIM) to $24 from $22 and maintained a Sector Perform rating. In a research note, the analyst states that the firm is adjusting its price targets for U.S. Retail REITs, adding that management is intentionally building conservatism into its initial 2026 same-store NOI guidance. This will create a favorable backdrop for strong performance, the firm concluded.
Earlier on March 17, Argus reaffirmed a Buy rating and a price target of $27 on Kimco Realty Corporation (NYSE:KIM). This optimism is based on projected strong growth from portfolio acquisitions and the asset pipeline. According to the firm, the REIT appears focused on last-mile retail, a segment with solid growth prospects relative to urban and suburban stores.
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The firm further added that Kimco Realty Corporation (NYSE:KIM) has a steadily expanding base of anchor stores, including Home Depot and T.J. Maxx, which positions the company well for stability and lower risks from tenant bankruptcies.
Kimco Realty Corporation (NYSE:KIM) is a REIT that owns and operates high-quality shopping centers and mixed-use properties. The company’s portfolio is focused on the first-ring suburbs of leading metropolitan markets.
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