Kimco Realty Corporation $KIM Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 10.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 253,447 shares of the real estate investment trust’s stock after acquiring an additional 23,703 shares during the quarter. NEOS Investment Management LLC’s holdings in Kimco Realty were worth $6,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Kimco Realty by 7.5% during the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after purchasing an additional 443,046 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after buying an additional 223,936 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Kimco Realty by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after buying an additional 48,672 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after buying an additional 116,811 shares during the period. Finally, Strs Ohio lifted its holdings in Kimco Realty by 566.3% in the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after acquiring an additional 613,876 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KIM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kimco Realty in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Barclays increased their price target on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Truist Financial boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. One equities research 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 an average price target of $26.56.

Kimco Realty Stock Down 1.3%

Kimco Realty stock opened at $23.60 on Friday. The company has a market capitalization of $15.83 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93. 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 Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The firm has a 50 day moving average price of $24.90 and a 200 day moving average price of $24.07.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 analysts’ expectations of $543.75 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm’s 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. Research analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.7%. 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. Kimco Realty’s dividend payout ratio is currently 131.76%.

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.