OP Asset Management Ltd bought a new stake in Kimco Realty Corporation (NYSE:KIM – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 69,552 shares of the real estate investment trust’s stock, valued at approximately $1,563,000.
Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Kimco Realty by 11.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,958 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 1,574 shares during the period. Baker Ellis Asset Management LLC grew its position in Kimco Realty by 1.2% in the first quarter. Baker Ellis Asset Management LLC now owns 131,120 shares of the real estate investment trust’s stock worth $2,946,000 after acquiring an additional 1,500 shares during the period. Values First Advisors Inc. grew its position in Kimco Realty by 2.3% in the first quarter. Values First Advisors Inc. now owns 30,491 shares of the real estate investment trust’s stock worth $685,000 after acquiring an additional 683 shares during the period. SG Americas Securities LLC increased its stake in Kimco Realty by 77.6% during the first quarter. SG Americas Securities LLC now owns 4,308,961 shares of the real estate investment trust’s stock worth $96,822,000 after acquiring an additional 1,883,072 shares during the last quarter. Finally, Old North State Trust LLC increased its stake in Kimco Realty by 37.3% during the fourth quarter. Old North State Trust LLC now owns 16,161 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 4,387 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Morgan Stanley upped their price target on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Wolfe Research upgraded shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Monday, June 22nd. Truist Financial upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a research note on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.50.
Kimco Realty Stock Down 0.0%
Kimco Realty stock opened at $25.88 on Monday. The company has a market capitalization of $17.45 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.08. The firm has a 50 day moving average price of $24.18 and a 200 day moving average price of $22.63.
Kimco Realty (NYSE:KIM – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.0%. Kimco Realty’s dividend payout ratio is presently 120.93%.
Kimco Realty Company Profile
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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