Piper Sandler Cuts Kimco Realty (KIM) Price Target to $27

Piper Sandler reiterates its Overweight rating on Kimco Realty with a new price target of $27.00, a 17.42% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Piper Sandler cut its price target on Kimco Realty Corporation ($KIM) to $27 from $31 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $KIM is up 2.6% to date (from the $22.32 close on Oct 12, 2026).

KIM Kimco Realty Corporation

$22.91 +18.15% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Piper Sandler reiterated its Overweight rating for Kimco Realty Corporation, setting a price target of $27.00, down from $31.00.
Piper Sandler's $27 price target implies 17.42% upside from Kimco Realty Corporation's ($KIM) current $23 share price.
As of October 16, 2026, Kimco Realty shares traded around $23.00, which is about 14.8% below the analyst's target.
The company is expected to report its next earnings on October 29, 2026, following a year-over-year revenue growth of 4.9%.

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Piper Sandler reiterated its Overweight rating on Kimco Realty Corporation (NYSE: KIM) on October 12, 2026, setting a new price target of $27.00, down from $31.00. This adjustment comes as the company continues to navigate the retail real estate market.

Kimco Realty operates as a real estate investment trust (REIT) focused on grocery-anchored shopping centers and mixed-use properties in the U.S. The firm has a strategic portfolio located in suburban areas of major metropolitan markets, including coastal and Sun Belt cities.

Other Institutional Activity in Kimco Realty

Blackrock Inc. increased its holdings in Kimco Realty by 1,112,435 shares, bringing its total to 74,783,636 shares valued at about $1.71 billion. Cohen & Steers Inc. also grew its position, adding 2,927,406 shares for a total of 56,641,276 shares worth approximately $1.30 billion. State Street Corporation added 173,106 shares, resulting in 46,958,443 shares valued at about $1.08 billion. Vanguard Capital Management LLC slightly increased its holdings by 30,817 shares, totaling 44,054,976 shares worth around $1.01 billion.

Kimco Realty Corporation Stock Up 2.1%

Recently, shares of Kimco Realty have traded around $23.00 as of October 16, 2026. This price is about 14.8% below Piper Sandler's new target of $27.00. The stock's performance is noteworthy as it reflects the market's assessment of the company's growth potential in the retail sector.

12-month forecast

$KIM price target

Kimco Realty Corporation daily closes and this analyst's $27 target. Not advice.

Recent Earnings

Kimco Realty reported trailing twelve-month revenue of approximately $2.19 billion and earnings per share (EPS) of $0.86. The company has a net margin of 27.8% and a return on equity of 5.8%. The next earnings report is scheduled for October 29, 2026, which will provide further insights into its financial health.

Insider Buying and Selling at Kimco Realty Corporation

Insider trading shows some recent activity, including Director Frank Lourenso selling 8,714 shares at an average price of $22.30 on February 14, 2025, totaling $194,323. Another Director, Mary Hogan Preusse, sold 23,100 shares at $21.66 on September 29, 2025, for $500,249. Lourenso sold an additional 8,594 shares at $23.14 on February 17, 2026, valued at $198,872.

Analysts Set New Price Targets

On October 12, 2026, Piper Sandler maintained its Overweight rating on Kimco Realty, lowering its price target from $31.00 to $27.00. Earlier, UBS reaffirmed its Buy rating with a target of $25.00 on October 9, 2026. The consensus among analysts is mixed, with varied ratings and price targets reflecting different outlooks on the company's performance.

About Kimco Realty

Kimco Realty Corporation is a leading real estate investment trust (REIT) that owns and operates high-quality shopping centers across the United States. The company focuses on grocery-anchored and mixed-use properties, aiming to serve communities in suburban areas of major cities. This focus on essential retail locations positions Kimco well amid changing consumer habits.

Bottom Line

Investors will be watching Kimco Realty closely as it approaches its next earnings date on October 29, 2026. The recent analyst ratings and price adjustments highlight the ongoing assessment of its market position. With Piper Sandler's recent reiteration of its Overweight rating, the focus will be on how the company performs in the upcoming quarter.