Kimco Realty Corporation $KIM Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,159,149 shares of the real estate investment trust’s stock after acquiring an additional 378,784 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kimco Realty were worth $23,496,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in Kimco Realty by 4,368.2% in the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after buying an additional 773,780 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in 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 buying an additional 188,261 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new stake in Kimco Realty in the 3rd quarter worth about $14,921,000. Runnymede Capital Advisors Inc. acquired a new stake in Kimco Realty in the 4th quarter worth about $900,000. Finally, NEOS Investment Management LLC boosted its stake in Kimco Realty by 66.9% in the 3rd quarter. NEOS Investment Management LLC now owns 147,765 shares of the real estate investment trust’s stock worth $3,229,000 after buying an additional 59,219 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Piper Sandler raised their price target on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial raised 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. Wells Fargo & Company raised their price target on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Finally, Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.33.

Kimco Realty Stock Performance

NYSE KIM opened at $25.36 on Tuesday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.97 and a beta of 0.96. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.08. 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 business’s 50-day simple moving average is $23.82 and its 200-day simple moving average is $22.34.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current 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 paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s payout ratio is currently 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.