PFA Pension Forsikringsaktieselskab Invests $7.36 Million in Kimco Realty Corporation $KIM

PFA Pension Forsikringsaktieselskab acquired a new position in Kimco Realty Corporation (NYSE:KIM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 361,667 shares of the real estate investment trust’s stock, valued at approximately $7,364,000. PFA Pension Forsikringsaktieselskab owned about 0.05% of Kimco Realty at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC raised its position in Kimco Realty by 94.1% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 70,662 shares of the real estate investment trust’s stock worth $1,544,000 after acquiring an additional 34,251 shares during the last quarter. M&T Bank Corp grew its position in shares of Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after purchasing an additional 773,780 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of Kimco Realty by 1.6% in the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Kimco Realty during the 3rd quarter worth approximately $4,653,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Kimco Realty during the 4th quarter worth approximately $900,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KIM shares. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays reiterated an “overweight” rating and set a $25.00 target price on shares of Kimco Realty in a report on Tuesday, January 13th. Robert W. Baird set a $25.00 price target on Kimco Realty in a report on Friday, February 13th. Morgan Stanley upped their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Truist Financial increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.71.

Kimco Realty Stock Performance

Shares of KIM opened at $23.37 on Tuesday. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.31. The company’s 50 day simple moving average is $23.17 and its 200 day simple moving average is $21.68. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

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 the consensus estimate of $0.45 by $0.01. The firm 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%. Kimco Realty’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.82 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given 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 dividend yield of 4.5%. 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.