Meeder Advisory Services Inc. Acquires New Holdings in Kimco Realty Corporation $KIM

Meeder Advisory Services Inc. acquired a new position in Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,339 shares of the real estate investment trust’s stock, valued at approximately $744,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after buying an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Kimco Realty during the 1st quarter worth about $61,000. Quantbot Technologies LP acquired a new stake in shares of Kimco Realty in the 2nd quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Kimco Realty by 30.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,170 shares during the period. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KIM. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday, May 1st. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Truist Financial lifted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Performance

Shares of KIM stock opened at $24.17 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The stock’s 50-day moving average is $25.15 and its two-hundred day moving average is $23.92. The firm has a market cap of $16.21 billion, a P/E ratio of 28.44, a PEG ratio of 2.59 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same quarter in the prior year, the business posted $0.44 EPS. Kimco Realty’s quarterly revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is presently 122.35%.

Kimco Realty 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.