Pacer Advisors Inc. Grows Stake in Kimco Realty Corporation $KIM

Pacer Advisors Inc. grew its position in Kimco Realty Corporation (NYSE:KIM) by 76.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,572 shares of the real estate investment trust’s stock after purchasing an additional 41,556 shares during the quarter. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $1,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Kimco Realty by 1.7% in 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 grew 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 worth $113,000 after purchasing an additional 520 shares during the last quarter. EPG Wealth Management LLC grew its holdings in Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Kimco Realty by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares during the last quarter. Finally, Norinchukin Bank The grew its holdings in Kimco Realty by 0.8% in the third 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 last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a report on Friday, February 13th. Morgan Stanley lifted their price objective on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Piper Sandler lifted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Scotiabank lifted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $24.93.

Kimco Realty Trading Up 0.4%

NYSE KIM opened at $23.18 on Friday. The company has a market capitalization of $15.63 billion, a PE ratio of 26.95, a P/E/G ratio of 1.25 and a beta of 0.97. The company has a fifty day moving average of $23.17 and a 200 day moving average of $21.76. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78.

Kimco Realty (NYSE:KIM) last posted its earnings results 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. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm’s quarterly revenue was up 4.0% 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 1.810-1.840 EPS. Research analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

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

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.