National Pension Service Boosts Holdings in Kimco Realty Corporation $KIM

National Pension Service grew its position in Kimco Realty Corporation (NYSE:KIM) by 68.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,086 shares of the real estate investment trust’s stock after buying an additional 45,471 shares during the period. National Pension Service’s holdings in Kimco Realty were worth $2,272,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KIM. State Street Corp lifted its holdings in shares of Kimco Realty by 2.2% in the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after acquiring an additional 1,034,573 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kimco Realty by 1.2% in the 4th 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 last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Kimco Realty by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after acquiring an additional 63,054 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 1.6% in the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after acquiring an additional 188,261 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kimco Realty by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,075,563 shares of the real estate investment trust’s stock worth $220,147,000 after acquiring an additional 51,079 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KIM. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Evercore set a $25.00 price objective on shares of Kimco Realty in a report on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Price Performance

Kimco Realty stock opened at $23.68 on Tuesday. The firm has a market cap of $15.97 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $24.62. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $23.35 and its two-hundred day moving average is $22.02.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, research analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) 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.