Ibex Wealth Advisors Grows Holdings in Kimco Realty Corporation $KIM

Ibex Wealth Advisors raised its position in Kimco Realty Corporation (NYSE:KIM) by 50.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 342,550 shares of the real estate investment trust’s stock after purchasing an additional 114,916 shares during the period. Ibex Wealth Advisors’ holdings in Kimco Realty were worth $6,943,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also 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 holdings in Kimco Realty by 541.6% in 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 valued at $137,756,000 after buying an additional 5,322,009 shares in the last quarter. SG Americas Securities LLC increased its holdings in Kimco Realty by 10,776.5% in the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after buying an additional 2,403,585 shares in the last quarter. Barclays PLC increased its holdings in Kimco Realty by 113.0% in the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock valued at $69,612,000 after buying an additional 1,690,137 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Kimco Realty by 762.6% during the third 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. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KIM. Scotiabank boosted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Wells Fargo & Company boosted their target price on shares of 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 target price on shares of Kimco Realty in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Kimco Realty Stock Down 1.0%

KIM stock opened at $25.11 on Wednesday. The stock has a market capitalization of $16.93 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.90 and a beta of 0.96. The firm has a 50-day simple moving average of $23.87 and a 200-day simple moving average of $22.37. 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 Corporation has a 52 week low of $19.76 and a 52 week high of $26.08.

Kimco Realty (NYSE:KIM) last released its earnings results 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. The business had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 payout ratio 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.