Corient Private Wealth LP Buys New Stake in Kimco Realty Corporation $KIM

Corient Private Wealth LP bought a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, Holdings Channel.com reports. The fund bought 50,815 shares of the real estate investment trust’s stock, valued at approximately $1,288,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT boosted its holdings in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,049 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Kimco Realty in the second quarter valued at $37,000. MUFG Securities EMEA plc purchased a new position in Kimco Realty during the 2nd quarter valued at about $42,000. Finally, Clearstead Advisors LLC increased its stake in shares of Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 1.3%

NYSE KIM opened at $23.60 on Friday. The stock has a market cap of $15.83 billion, a PE ratio of 27.77, a P/E/G ratio of 2.75 and a beta of 0.93. The business has a 50 day moving average price of $24.90 and a two-hundred day moving average price of $24.07. 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 Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65.

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

Kimco Realty Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. UBS Group boosted their price target on Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Barclays upped their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Truist Financial lifted their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.56.

Kimco Realty 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.