Barclays Starts Kimco (KIM) at Overweight

Barclays analyst Richard Hightower initiates coverage on Kimco (NYSE: KIM) with a Overweight rating and a price target of $25.00.

The analyst comments: "We initiate on KIM at Overweight with a 12-month price target of $25. We view Kimco as a large-cap, high-quality, diversified 'proxy' for grocery-anchored shopping centers. The company screens cheaply against its peers despite above-average FFO per share growth in 2025 (+5%), strong blended leasing spreads (with additional upside potential), and a stabilizing free cash flow profile following the integration of a pair of large M&A transactions in the past five years. KIM currently trades at a modest discount to its Retail peer set on a P/Forward FFO basis; we believe the stock will re-rate positively versus peers over the next 12 months, bringing it closer to its historical average of a modest sector premium."

For an analyst ratings summary and ratings history on Kimco click here. For more ratings news on Kimco click here.

Shares of Kimco closed at $21.18 yesterday.

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