New Age Alpha Advisors LLC Reduces Position in Kimco Realty Corporation $KIM

New Age Alpha Advisors LLC decreased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,218 shares of the real estate investment trust’s stock after selling 22,263 shares during the period. New Age Alpha Advisors LLC’s holdings in Kimco Realty were worth $2,356,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brown Lisle Cummings Inc. boosted its holdings in shares of Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty during the second quarter worth $37,000. MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty during the second quarter worth $42,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Kimco Realty by 39.5% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 728 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Kimco Realty by 211.1% during the fourth quarter. Covestor Ltd now owns 2,682 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KIM shares. Piper Sandler raised their price objective on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays raised their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Truist Financial raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Scotiabank raised their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

Kimco Realty Price Performance

Shares of Kimco Realty stock opened at $24.58 on Wednesday. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $24.59. The stock has a market capitalization of $16.58 billion, a P/E ratio of 28.58, a PEG ratio of 1.31 and a beta of 0.97. 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’s fifty day moving average price is $23.27 and its 200 day moving average price is $21.92.

Kimco Realty (NYSE:KIM) last issued its 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 for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, research analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.2%. Kimco Realty’s dividend payout ratio (DPR) is presently 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.