Goldman Sachs Group Inc. Purchases 121,409 Shares of Kimco Realty Corporation $KIM

Goldman Sachs Group Inc. increased its position in Kimco Realty Corporation (NYSE:KIM) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,502,974 shares of the real estate investment trust’s stock after acquiring an additional 121,409 shares during the quarter. Goldman Sachs Group Inc. owned about 0.81% of Kimco Realty worth $111,545,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KIM. Brown Lisle Cummings Inc. boosted its position in shares of Kimco Realty by 127.3% in 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 bought a new position in shares of Kimco Realty in the second quarter valued at approximately $37,000. MUFG Securities EMEA plc bought a new position in shares of Kimco Realty in the second quarter valued at approximately $42,000. Clearstead Advisors LLC lifted its position in Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted 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 purchasing an additional 728 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 0.1%

Shares of KIM opened at $24.26 on Tuesday. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $24.62. The firm has a 50 day moving average price of $23.51 and a 200-day moving average price of $22.15.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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 during 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%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 120.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday, May 1st. Piper Sandler increased their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company increased their price target 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. Finally, Truist Financial increased their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.14.

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.