Raleigh Capital Management Inc. Invests $1.29 Million in Kimco Realty Corporation $KIM

Raleigh Capital Management Inc. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 57,539 shares of the real estate investment trust’s stock, valued at approximately $1,293,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in 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 valued at $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC raised its holdings in shares of Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 530 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the period. Finally, Norinchukin Bank The lifted its position in shares of 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 buying an additional 603 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KIM. Scotiabank boosted their price target on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Finally, Truist Financial increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Stock Down 0.1%

Shares of KIM opened at $25.30 on Friday. The company has a market capitalization of $17.06 billion, a P/E ratio of 29.42, a PEG ratio of 2.79 and a beta of 0.95. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.08. The business’s 50 day simple moving average is $24.34 and its 200-day simple moving average is $22.80. 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 released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same period last year, the firm posted $0.44 EPS. The business’s 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 predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

About Kimco Realty

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.