Algebris UK Ltd. Boosts Stake in Kimco Realty Corporation $KIM

Algebris UK Ltd. raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 158.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,931,054 shares of the real estate investment trust’s stock after acquiring an additional 1,182,489 shares during the period. Kimco Realty makes up 1.9% of Algebris UK Ltd.’s portfolio, making the stock its 12th biggest position. Algebris UK Ltd.’s holdings in Kimco Realty were worth $39,161,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. grew its position in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty during the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the second quarter valued at about $42,000. Physician Wealth Advisors Inc. grew its position in Kimco Realty by 39.5% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 728 shares during the period. Finally, Covestor Ltd grew its position in Kimco Realty by 211.1% during the fourth quarter. Covestor Ltd now owns 2,682 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,820 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $23.82 on Thursday. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.31. The business has a 50-day moving average of $23.18 and a 200-day moving average of $21.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.27 and a beta of 0.97.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’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. On average, equities analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. Kimco Realty’s payout ratio is 120.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Morgan Stanley upped their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Evercore set a $25.00 target price on Kimco Realty in a research report on Friday, May 1st. Finally, Scotiabank upped their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty has an average rating of “Hold” and a consensus target price of $25.00.

About Kimco Realty

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.