324,510 Shares in Kimco Realty Corporation $KIM Bought by Danske Bank A S

Danske Bank A S purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 324,510 shares of the real estate investment trust’s stock, valued at approximately $8,226,000.

Several other institutional investors have also recently bought and sold shares of KIM. BlackRock Inc. bought a new position in shares of Kimco Realty in the second quarter valued at $1,895,765,000. Norges Bank acquired a new stake in shares of Kimco Realty in the 4th quarter worth about $215,615,000. Bank of New York Mellon Corp bought a new position in Kimco Realty in the 2nd quarter valued at about $152,113,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kimco Realty by 541.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after acquiring an additional 5,322,009 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Kimco Realty by 34.9% during the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after purchasing an additional 4,399,959 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.5%

NYSE:KIM opened at $24.03 on Friday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The firm has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $23.92. 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 has a market cap of $16.12 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s payout ratio is 131.76%.

Analysts Set New Price Targets

A number of brokerages have commented on KIM. Truist Financial boosted their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Piper Sandler raised their target price on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. Finally, Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

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.