North Dakota State Investment Board Makes New Investment in Kimco Realty Corporation $KIM

North Dakota State Investment Board bought a new position in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,986 shares of the real estate investment trust’s stock, valued at approximately $466,000.

A number of other institutional investors have also recently added to or reduced their stakes in KIM. Brown Lisle Cummings Inc. lifted its position in Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the second quarter worth approximately $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty in the second quarter worth approximately $42,000. Physician Wealth Advisors Inc. lifted its position in Kimco Realty by 39.5% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 728 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Kimco Realty during the 1st quarter valued at $61,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.4%

Shares of NYSE KIM opened at $24.15 on Friday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $24.31. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.31 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. The business has a fifty day simple moving average of $23.21 and a 200-day simple moving average of $21.85.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating 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%.Kimco Realty’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Sell-side analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. Kimco Realty’s dividend payout ratio is presently 120.93%.

Wall Street Analysts Forecast Growth

KIM has been the subject of several research reports. Scotiabank raised their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Morgan Stanley upped their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Kimco Realty currently has an average rating of “Hold” and an average price target of $25.00.

About Kimco Realty

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.