Kimco Realty Corporation $KIM Position Increased by ING Groep NV

ING Groep NV raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 690.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,517 shares of the real estate investment trust’s stock after buying an additional 76,441 shares during the period. ING Groep NV’s holdings in Kimco Realty were worth $1,774,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KIM. Norges Bank bought a new stake in Kimco Realty during the fourth quarter worth approximately $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kimco Realty by 541.6% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after buying an additional 5,322,009 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Kimco Realty by 10,776.5% during the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock worth $49,173,000 after buying an additional 2,403,585 shares in the last quarter. Barclays PLC increased its stake in Kimco Realty by 113.0% in the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock worth $69,612,000 after purchasing an additional 1,690,137 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Kimco Realty by 762.6% in the 3rd quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust’s stock worth $41,518,000 after purchasing an additional 1,679,852 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. Evercore set a $25.00 price target on Kimco Realty in a research note on Friday, May 1st. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley lifted their price target on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Finally, Truist Financial lifted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Trading Up 3.9%

Shares of KIM opened at $25.18 on Wednesday. The business’s 50-day moving average price is $23.57 and its 200 day moving average price is $22.19. The stock has a market capitalization of $16.98 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.78 and a beta of 0.96. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $25.29. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same period last year, the company posted $0.44 EPS. The business’s quarterly 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. Analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

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.