Kimco Realty (NYSE:KIM) Sees Large Volume Increase – Here’s What Happened

Shares of Kimco Realty Corporation (NYSE:KIM) saw an uptick in trading volume on Thursday . 5,405,954 shares traded hands during trading, an increase of 2% from the previous session’s volume of 5,287,679 shares.The stock last traded at $25.8510 and had previously closed at $25.38.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KIM shares. Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a research note on Friday, February 13th. Morgan Stanley raised their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Piper Sandler raised their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Barclays raised their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. Six investment 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, the stock has a consensus rating of “Hold” and an average price target of $25.14.

Kimco Realty Stock Up 1.9%

The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.89 and a beta of 0.96. The business’s 50-day moving average is $23.63 and its 200-day moving average is $22.23. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the firm posted $0.44 earnings per share. 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. As a group, equities analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.0%. Kimco Realty’s payout ratio is presently 120.93%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIM. Norges Bank purchased a new position in Kimco Realty in the fourth quarter valued at $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 purchasing an additional 5,322,009 shares in the last quarter. Invesco Ltd. increased its stake in shares of Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after purchasing an additional 4,399,959 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Kimco Realty by 38.0% during the first quarter. Bank of America Corp DE now owns 8,753,550 shares of the real estate investment trust’s stock worth $196,692,000 after purchasing an additional 2,412,675 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 2,403,585 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.