Janney Montgomery Scott LLC Raises Stake in Kimco Realty Corporation $KIM

Janney Montgomery Scott LLC lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 161,331 shares of the real estate investment trust’s stock after purchasing an additional 30,239 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kimco Realty were worth $3,625,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions 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 worth $663,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 520 shares during the period. EPG Wealth Management LLC lifted its position in shares of Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 530 shares during the period. Norinchukin Bank The boosted its stake 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 acquiring an additional 603 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Kimco Realty by 17.5% during the 3rd quarter. Allworth Financial LP now owns 4,135 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KIM. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday, June 11th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Finally, Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

Kimco Realty Price Performance

Shares of KIM stock traded up $0.41 during trading hours on Tuesday, hitting $25.46. The company’s stock had a trading volume of 164,470 shares, compared to its average volume of 5,390,131. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $24.36 and a 200-day moving average of $22.85. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.08. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.79 and a beta of 0.95.

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 firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.Kimco Realty’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 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.