Kimelman & Baird LLC Purchases New Position in Kimco Realty Corporation $KIM

Posted by Geri Gentry on Aug 29th, 2026

Kimelman & Baird LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 68,125 shares of the real estate investment trust’s stock, valued at approximately $1,727,000.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Kimco Realty by 7.5% in the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after buying an additional 443,046 shares during the last quarter. Geode Capital Management LLC raised its position in Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after acquiring an additional 223,936 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after purchasing an additional 48,672 shares during the period. Strs Ohio raised its stake in shares of Kimco Realty by 566.3% in the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after buying an additional 613,876 shares during the period. Finally, Cetera Investment Advisers raised its stake in Kimco Realty by 144.4% in the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after acquiring an additional 116,811 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KIM. Piper Sandler increased their target price on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group increased their target price on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Evercore set a $25.00 target price on Kimco Realty in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and an average price target of $26.56.

Check Out Our Latest Analysis on Kimco Realty

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $23.78 on Friday. The stock has a market cap of $15.95 billion, a PE ratio of 27.98, a PEG ratio of 2.54 and a beta of 0.95. The company’s fifty day moving average is $25.04 and its 200 day moving average is $24.01. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65.

Kimco Realty (NYSE:KIM – Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. During the same period in the prior year, the business posted $0.44 EPS. Kimco Realty’s quarterly revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is currently 122.35%.

About Kimco Realty

(Free Report)

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.