Eurizon Capital SGR S.p.A. Purchases Shares of 64,813 Kimco Realty Corporation $KIM

Eurizon Capital SGR S.p.A. purchased a new stake in Kimco Realty Corporation (NYSE:KIM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 64,813 shares of the real estate investment trust’s stock, valued at approximately $1,315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its stake in Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC increased its stake in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 520 shares in the last quarter. EPG Wealth Management LLC increased its stake in Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 530 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Kimco Realty by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 589 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after buying an additional 603 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.3%

Kimco Realty stock opened at $23.72 on Wednesday. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.62. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. The firm’s fifty day moving average price is $23.35 and its two-hundred day moving average price is $22.02. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78.

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, 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 firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue 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. On average, equities research analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. Kimco Realty’s dividend payout ratio is presently 120.93%.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent research reports. Piper Sandler raised their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Scotiabank raised their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.14.

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.