Public Employees Retirement System of Ohio Makes New Investment in Kimco Realty Corporation $KIM

Public Employees Retirement System of Ohio bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 961,591 shares of the real estate investment trust’s stock, valued at approximately $24,376,000.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT grew its stake in shares of Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Root Financial Partners LLC raised its stake in Kimco Realty by 60.7% during 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 buying an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty during the second quarter valued at $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty in the second quarter worth $42,000. Finally, Clearstead Advisors LLC raised its position in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

KIM has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a report on Thursday, June 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a report on Monday, June 29th. Truist Financial boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Barclays upped their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One research 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 stock. According to data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus price target of $26.56.

Kimco Realty Price Performance

KIM opened at $23.78 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market capitalization of $15.95 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.53 and a beta of 0.95. The company’s 50-day simple moving average is $25.04 and its two-hundred day simple moving average is $24.01. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, 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. Investors of record on Friday, September 4th will be issued a $0.28 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend 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.