First Trust Advisors LP Acquires 1,567,345 Shares of Kimco Realty Corporation $KIM

First Trust Advisors LP grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 437.7% during the 1st quarter, HoldingsChannel reports. The fund owned 1,925,442 shares of the real estate investment trust’s stock after acquiring an additional 1,567,345 shares during the quarter. First Trust Advisors LP’s holdings in Kimco Realty were worth $43,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KIM. ABN Amro Investment Solutions lifted its stake in Kimco Realty by 20.1% in the first quarter. ABN Amro Investment Solutions now owns 34,001 shares of the real estate investment trust’s stock worth $764,000 after purchasing an additional 5,700 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in Kimco Realty during the 1st quarter worth approximately $361,000. Meeder Advisory Services Inc. grew its position in Kimco Realty by 7.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 28,623 shares of the real estate investment trust’s stock worth $643,000 after acquiring an additional 2,041 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kimco Realty by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,341,105 shares of the real estate investment trust’s stock worth $232,363,000 after purchasing an additional 152,242 shares during the period. Finally, Parallel Advisors LLC lifted its position in Kimco Realty by 46.0% in the first quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 2,829 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 1.2%

NYSE KIM opened at $26.41 on Tuesday. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $23.41. The stock has a market cap of $17.81 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share 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 period last year, the company earned $0.44 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of analyst reports. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Monday, June 22nd. Piper Sandler lifted their target price on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank upped their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a research report on Monday, June 29th. Finally, Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.12.

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.