172,765 Shares in Kimco Realty Corporation $KIM Acquired by Nykredit A S

Nykredit A S acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 172,765 shares of the real estate investment trust’s stock, valued at approximately $4,380,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its position in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,049 shares during the period. Root Financial Partners LLC boosted its position in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty during the second quarter valued at approximately $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty in the 2nd quarter valued at $42,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

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Kimco Realty Stock Performance

Shares of NYSE KIM opened at $23.60 on Monday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The company has a market capitalization of $15.83 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.71 and a beta of 0.93. The stock has a 50 day moving average of $24.90 and a 200-day moving average of $24.08. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

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

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. Kimco Realty’s payout ratio is currently 131.76%.

Analyst Ratings Changes

A number of research firms recently weighed in on KIM. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. raised their target price on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a research report on Monday, June 29th. Finally, Piper Sandler boosted their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.56.

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Kimco Realty Profile

(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.

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