Soltis Investment Advisors LLC bought a new position in Kimco Realty Corporation (NYSE:KIM – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 215,977 shares of the real estate investment trust’s stock, valued at approximately $4,797,000.
Several other hedge funds have also made changes to their positions in the company. Raiffeisen Bank International AG raised its stake in Kimco Realty by 9,783.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 47,451 shares during the period. CX Institutional lifted its holdings in shares of Kimco Realty by 757.8% in the third quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock valued at $1,367,000 after purchasing an additional 54,361 shares in the last quarter. Nykredit A S purchased a new stake in shares of Kimco Realty in the second quarter valued at $4,380,000. Cetera Investment Advisers boosted its position in shares of Kimco Realty by 144.4% in the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after buying an additional 116,811 shares during the period. Finally, Strs Ohio boosted its position in shares of Kimco Realty by 566.3% in the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after buying an additional 613,876 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on KIM. Truist Financial started coverage on Kimco Realty in a report on Thursday, October 1st. They set a “hold” rating and a $24.00 price target on the stock. Morgan Stanley increased their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Citigroup increased their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. UBS Group decreased their price objective on Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, The Goldman Sachs Group set a $24.00 target price on Kimco Realty in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.71.
Get Our Latest Analysis on Kimco Realty
Kimco Realty Stock Up 4.2%
Kimco Realty stock opened at $24.38 on Friday. The firm has a market cap of $16.35 billion, a PE ratio of 28.68, a P/E/G ratio of 2.67 and a beta of 0.94. 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 firm’s 50 day moving average price is $23.05 and its two-hundred day moving average price is $23.48. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65.
Kimco Realty (NYSE:KIM – Get Free Report) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $546.15 million during the quarter, compared to the consensus estimate of $549.06 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, research analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimco Realty’s dividend payout ratio is 131.76%.
Key Kimco Realty News
Here are the key news stories impacting Kimco Realty this week:
- Positive Sentiment: FFO beat estimates and rose year over year. Third-quarter funds from operations increased 6.8% to $0.47 per share, exceeding the $0.46 analyst consensus and last year’s $0.44. Net income rose to $272.5 million, or $0.41 per diluted share, from $130.2 million, or $0.19, a year earlier. KIM Q3 FFO Beats on Strong Leasing, Revenues Miss, 2026 Outlook Raised
- Positive Sentiment: Operating fundamentals strengthened. Portfolio occupancy reached a record 96.6%, same-property net operating income increased 4.9%, and stronger leasing activity helped drive the improved results. Kimco Realty Announces Third Quarter 2026 Results
- Positive Sentiment: Kimco raised its 2026 outlook. Management increased its full-year net-income forecast to $1.07-$1.09 per diluted share, reflecting confidence in leasing and property-level performance. The company also ended the quarter with approximately $2.5 billion of immediate liquidity and repurchased 6.3 million shares for $150 million. Kimco Reports Third-Quarter Net Income
- Positive Sentiment: The quarterly dividend was maintained. Kimco declared a $0.28-per-share dividend payable December 18 to shareholders of record December 4, representing $1.12 annualized. Kimco Realty Earnings Report
- Neutral Sentiment: Revenue modestly missed expectations. Quarterly revenue rose 3.9% to $546.1 million but fell short of the $549.1 million consensus estimate, partially tempering the otherwise favorable earnings report.
- Neutral Sentiment: Evercore ISI raised its price target to $25 from $24, indicating modest additional upside based on the improved outlook. Evercore ISI Adjusts Kimco Realty Price Target
Kimco Realty Company Profile
Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.
The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.
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