Raiffeisen Bank International AG Boosts Stake in Kimco Realty Corporation $KIM

Raiffeisen Bank International AG lifted its holdings in Kimco Realty Corporation (NYSE:KIM) by 9,783.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 47,936 shares of the real estate investment trust’s stock after buying an additional 47,451 shares during the period. Raiffeisen Bank International AG’s holdings in Kimco Realty were worth $1,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KIM. BlackRock Inc. purchased a new stake in Kimco Realty in the second quarter worth $1,895,765,000. Norges Bank bought a new stake in Kimco Realty during the fourth quarter valued at about $215,615,000. Bank of America Corp DE purchased a new position in shares of Kimco Realty in the 2nd quarter worth approximately $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 7,715.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock worth $159,821,000 after purchasing an additional 6,223,902 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Kimco Realty during the second quarter worth about $156,283,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

KIM has been the subject of a number of recent research reports. UBS Group lifted their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Truist Financial upped their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, 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 report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

Kimco Realty Trading Down 1.3%

NYSE:KIM opened at $23.60 on Friday. 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 stock has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $24.07. The stock has a market cap of $15.83 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.71 and a beta of 0.93. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.65.

Kimco Realty (NYSE:KIM) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue 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, analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.28 per share. 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. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is currently 131.76%.

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.