Kimco Realty Corporation $KIM Shares Bought by Forsta AP Fonden

Forsta AP Fonden raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 15.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 182,100 shares of the real estate investment trust’s stock after buying an additional 24,500 shares during the period. Forsta AP Fonden’s holdings in Kimco Realty were worth $3,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Kimco Realty during the fourth quarter worth about $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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. SG Americas Securities LLC increased its position 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. Barclays PLC increased its position in shares of Kimco Realty by 113.0% during the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock worth $69,612,000 after purchasing an additional 1,690,137 shares in the last quarter. Finally, Marshall Wace LLP increased its position 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. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE KIM opened at $23.72 on Wednesday. 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 $24.62. The business’s 50-day moving average price is $23.35 and its 200 day moving average price is $22.02. The firm has a market cap of $15.99 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.28 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the company posted $0.44 earnings per share. The business’s 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. On average, equities research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. 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 4.4%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KIM shares. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Truist Financial lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.14.

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.