PFA Pension Forsikringsaktieselskab Purchases Shares of 361,667 Kimco Realty Corporation $KIM

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 361,667 shares of the real estate investment trust’s stock, valued at approximately $7,364,000.

Other large investors have also modified their holdings of the company. Quent Capital LLC acquired a new position in Kimco Realty during the third quarter worth approximately $27,000. City Holding Co. acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $30,000. Brown Lisle Cummings Inc. grew its stake in shares of Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty during the 2nd quarter valued at $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty during the 2nd quarter worth $42,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock opened at $23.37 on Tuesday. The firm has a market capitalization of $15.76 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $24.31. The stock’s 50 day moving average price is $23.17 and its 200 day moving average price is $21.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, sell-side analysts expect that Kimco Realty Corporation will post 1.82 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.5%. Kimco Realty’s payout ratio is 120.93%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KIM shares. Piper Sandler increased their target price on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. Truist Financial lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Finally, UBS Group decreased their target price on Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.71.

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.