Candriam S.C.A. Invests $1.75 Million in Kimco Realty Corporation $KIM

Candriam S.C.A. bought a new stake in Kimco Realty Corporation (NYSE:KIM) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 77,981 shares of the real estate investment trust’s stock, valued at approximately $1,752,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KIM. Zions Bancorporation National Association UT boosted its holdings in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of 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 acquiring an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Kimco Realty during the second quarter worth approximately $37,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty during the second quarter worth approximately $42,000. 89.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on KIM. Barclays lifted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial upped 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. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Monday, June 22nd. UBS Group lifted their price objective on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.88.

Kimco Realty Stock Up 0.5%

Shares of NYSE:KIM opened at $25.24 on Wednesday. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.76 and a beta of 0.95. 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 12-month low of $19.76 and a 12-month high of $26.08. The business’s 50 day moving average is $24.52 and its 200 day moving average is $23.05.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio is currently 120.93%.

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.