Wealth Alliance LLC Invests $797,000 in Kimco Realty Corporation $KIM

Wealth Alliance LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,485 shares of the real estate investment trust’s stock, valued at approximately $797,000.

Other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT boosted its position in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,049 shares during the period. Brown Lisle Cummings Inc. grew its holdings in 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 valued at $30,000 after purchasing an additional 840 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 546 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty in the second quarter worth $42,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Price Performance

NYSE:KIM opened at $26.09 on Friday. 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 Corporation has a one year low of $19.76 and a one year high of $26.45. The company has a fifty day moving average price of $24.93 and a 200 day moving average price of $23.35. The stock has a market cap of $17.59 billion, a P/E ratio of 30.33, a PEG ratio of 2.87 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period last year, the business posted $0.44 EPS. The business’s quarterly 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. Analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KIM shares. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Wells Fargo & Company boosted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.12.

Kimco Realty Company 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.