171,056 Shares in Kimco Realty Corporation $KIM Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 171,056 shares of the real estate investment trust’s stock, valued at approximately $4,336,000.

A number of other hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after buying an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Kimco Realty during the first quarter worth approximately $61,000. EverSource Wealth Advisors LLC boosted its stake in Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 1,170 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Kimco Realty by 37.1% in the 2nd quarter. First Trust Advisors LP now owns 552,429 shares of the real estate investment trust’s stock valued at $11,612,000 after buying an additional 149,469 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KIM shares. UBS Group raised their target price on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Piper Sandler upped their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Truist Financial raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $28.00 target price on shares of Kimco Realty in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Kimco Realty Stock Up 0.0%

NYSE:KIM opened at $24.03 on Monday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The stock’s fifty day moving average is $25.12 and its two-hundred day moving average is $23.94. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.7%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 122.35%.

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.