211,303 Shares in Kimco Realty Corporation $KIM Purchased by Cibc World Market Inc.

Cibc World Market Inc. acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, HoldingsChannel reports. The fund acquired 211,303 shares of the real estate investment trust’s stock, valued at approximately $5,357,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $1,895,765,000. State Street Corp lifted its holdings in Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after buying an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after buying an additional 223,936 shares in the last quarter. Invesco Ltd. boosted its position in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Kimco Realty by 8.1% in the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after buying an additional 970,276 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of recent research reports. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Monday, June 22nd. Truist Financial raised their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. UBS Group lifted their price objective on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a report on Thursday, June 11th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.56.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $24.05 on Wednesday. The firm has a fifty day moving average of $25.07 and a two-hundred day moving average of $23.98. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.58 and a beta of 0.95. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’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. As a group, equities research analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.7%. Kimco Realty’s payout ratio is currently 122.35%.

Kimco Realty Company 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.