One Capital Management LLC bought a new stake in Kimco Realty Corporation (NYSE:KIM – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 190,027 shares of the real estate investment trust’s stock, valued at approximately $3,852,000.
A number of other hedge funds also recently modified their holdings of KIM. Quadrant Capital Group LLC raised its position in Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares during the period. EPG Wealth Management LLC increased its stake in shares of Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 530 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Kimco Realty by 5.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 589 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of Kimco Realty by 0.8% in the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 603 shares during the period. Institutional investors own 89.25% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Robert W. Baird set a $25.00 price target on Kimco Realty in a report on Friday, February 13th. Scotiabank boosted their price target on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Morgan Stanley boosted their price target on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company boosted their price target on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Kimco Realty has an average rating of “Hold” and an average price target of $25.14.
Kimco Realty Price Performance
Shares of NYSE KIM opened at $23.72 on Wednesday. The business’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $22.02. The company has a market cap of $15.99 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $24.62.
Kimco Realty (NYSE:KIM – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. 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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