PEAK6 LLC Makes New $984,000 Investment in Kimco Realty Corporation $KIM

PEAK6 LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 38,820 shares of the real estate investment trust’s stock, valued at approximately $984,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimco Realty by 59.0% during 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 acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kimco Realty by 6.4% during the 1st 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 valued at $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Kimco Realty during the 1st quarter valued at about $61,000. Quantbot Technologies LP purchased a new position in shares of Kimco Realty during the second quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 valued at $107,000 after purchasing an additional 1,170 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KIM shares. Wells Fargo & Company boosted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a report on Friday, June 26th. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. Finally, Scotiabank raised their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Up 0.0%

Shares of NYSE KIM opened at $24.03 on Monday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65. The firm’s 50-day moving average price is $25.12 and its 200-day moving average price is $23.94. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.56 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities research analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is 122.35%.

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.