BNP Paribas Financial Markets Has $28.04 Million Stock Holdings in Kimco Realty Corporation $KIM

BNP Paribas Financial Markets grew its holdings in Kimco Realty Corporation (NYSE:KIM) by 118.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,383,377 shares of the real estate investment trust’s stock after acquiring an additional 749,837 shares during the period. BNP Paribas Financial Markets’ holdings in Kimco Realty were worth $28,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brown Lisle Cummings Inc. lifted its position in shares of Kimco Realty by 127.3% in 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 buying an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $37,000. MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $42,000. Clearstead Advisors LLC lifted its position in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its position in shares of Kimco Realty by 39.5% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 728 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial raised their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and a consensus price target of $25.14.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.99 on Friday. The stock has a market cap of $16.18 billion, a P/E ratio of 27.89, a PEG ratio of 2.73 and a beta of 0.96. The stock has a 50 day simple moving average of $23.43 and a 200 day simple moving average of $22.09. 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 Corporation has a 1-year low of $19.76 and a 1-year high of $24.62.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. 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.