Wolverine Asset Management LLC Purchases Shares of 33,688 Kimco Realty Corporation $KIM

Wolverine Asset Management LLC purchased a new stake in Kimco Realty Corporation (NYSE:KIM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 33,688 shares of the real estate investment trust’s stock, valued at approximately $683,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Varma Mutual Pension Insurance Co increased its stake in Kimco Realty by 28.8% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 637,793 shares of the real estate investment trust’s stock valued at $12,928,000 after purchasing an additional 142,800 shares during the last quarter. Truist Financial Corp increased its stake in Kimco Realty by 14.2% in the fourth quarter. Truist Financial Corp now owns 19,052 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 2,363 shares during the last quarter. AlphaStar Capital Management LLC increased its stake in Kimco Realty by 14.3% in the fourth quarter. AlphaStar Capital Management LLC now owns 19,072 shares of the real estate investment trust’s stock valued at $387,000 after purchasing an additional 2,388 shares during the last quarter. Oak Harbor Wealth Partners LLC increased its stake in Kimco Realty by 14.7% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 49,909 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 6,409 shares during the last quarter. Finally, Strs Ohio increased its stake in Kimco Realty by 578.5% in the fourth quarter. Strs Ohio now owns 108,406 shares of the real estate investment trust’s stock valued at $2,197,000 after purchasing an additional 92,428 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 1.2%

NYSE:KIM opened at $23.82 on Thursday. The company has a market capitalization of $16.06 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $24.31. The stock has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $21.71.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of recent analyst reports. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Mizuho set a $21.00 target price on Kimco Realty in a report on Friday, January 9th. Truist Financial raised their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Piper Sandler raised their target price on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and an average price target of $24.71.

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.