Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in Kimco Realty Corporation $KIM

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 8.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,055,429 shares of the real estate investment trust’s stock after selling 103,720 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kimco Realty were worth $23,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. Renaissance Technologies LLC lifted its holdings in shares of Kimco Realty by 1,568.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,235,436 shares of the real estate investment trust’s stock valued at $27,760,000 after buying an additional 1,161,400 shares during the period. Compound Planning Inc. boosted its stake in shares of Kimco Realty by 34.2% in the first quarter. Compound Planning Inc. now owns 20,151 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 5,139 shares during the last quarter. Bank of Nova Scotia grew its holdings in Kimco Realty by 24.7% during the first quarter. Bank of Nova Scotia now owns 134,275 shares of the real estate investment trust’s stock worth $3,017,000 after acquiring an additional 26,564 shares during the period. Sei Investments Co. grew its holdings in Kimco Realty by 15.9% during the first quarter. Sei Investments Co. now owns 3,243,855 shares of the real estate investment trust’s stock worth $72,889,000 after acquiring an additional 444,336 shares during the period. Finally, Lido Advisors LLC raised its position in Kimco Realty by 8.2% during the first quarter. Lido Advisors LLC now owns 21,136 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 1,608 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KIM shares. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. Wells Fargo & Company raised their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Monday, June 22nd. Morgan Stanley boosted their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.12.

Kimco Realty Stock Performance

NYSE KIM opened at $26.09 on Monday. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.87 and a beta of 0.95. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.45. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $24.93 and a 200 day moving average of $23.37.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. Kimco Realty’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Sell-side analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a dividend of $0.26 per share. The ex-dividend date was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Kimco Realty Company 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.