NewEdge Wealth LLC Makes New $677,000 Investment in Kimco Realty Corporation $KIM

NewEdge Wealth LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 26,717 shares of the real estate investment trust’s stock, valued at approximately $677,000.

Several other large investors have also made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 520 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Kimco Realty by 60.7% in 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 purchasing an additional 546 shares during the last quarter. Norinchukin Bank The grew its position in Kimco Realty by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 603 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Kimco Realty by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 610 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore set a $25.00 price objective on Kimco Realty in a report on Friday, May 1st. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research report on Thursday, June 11th. Finally, Barclays upped their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Trading Down 0.5%

Shares of Kimco Realty stock opened at $24.03 on Friday. The firm has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $23.92. The company has a market cap of $16.12 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

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

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is currently 122.35%.

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.