PEAK6 LLC Makes New Investment in Kimco Realty Corporation $KIM

PEAK6 LLC bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 38,820 shares of the real estate investment trust’s stock, valued at approximately $984,000.

A number of other hedge funds have also added to or reduced their stakes in KIM. Quadrant Capital Group LLC boosted its stake in shares of Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 503 shares during the last quarter. Parallel Advisors LLC increased its position in Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 520 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the period. Norinchukin Bank The boosted its position in Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 603 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Kimco Realty by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 610 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KIM. The Goldman Sachs Group restated a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research report on Tuesday, August 11th. UBS Group increased their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Performance

KIM opened at $24.03 on Monday. The company has a 50 day simple moving average of $25.12 and a two-hundred day simple moving average of $23.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market cap of $16.12 billion, a P/E ratio of 28.27, a PEG ratio of 2.56 and a beta of 0.95. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the firm earned $0.44 EPS. The company’s 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. Equities analysts forecast that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued 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 yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s payout ratio is 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.