Kimco Realty Corporation $KIM Shares Bought by Forsta AP Fonden

Forsta AP Fonden grew its position in shares of Kimco Realty Corporation (NYSE:KIM) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,100 shares of the real estate investment trust’s stock after purchasing an additional 24,500 shares during the period. Forsta AP Fonden’s holdings in Kimco Realty were worth $3,691,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after purchasing an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Kimco Realty during the first quarter worth $61,000. Quantbot Technologies LP acquired a new position in Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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 company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market cap of $15.99 billion, a PE ratio of 27.58, a P/E/G ratio of 1.28 and a beta of 0.96. The stock’s fifty day moving average is $23.35 and its two-hundred day moving average is $22.02.

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 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 company had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same period last year, the firm earned $0.44 earnings per share. Kimco Realty’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. On average, sell-side analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 4.4%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KIM shares. Barclays lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and an average price target of $25.14.

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.