CIBC Asset Management Inc Has $3.24 Million Stock Position in Kimco Realty Corporation $KIM

CIBC Asset Management Inc increased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 69.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,720 shares of the real estate investment trust’s stock after buying an additional 65,265 shares during the period. CIBC Asset Management Inc’s holdings in Kimco Realty were worth $3,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in Kimco Realty by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its position in Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC lifted its position in Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 530 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 589 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Kimco Realty by 0.8% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $24.27 on Monday. The stock has a market capitalization of $16.36 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.78 and a beta of 0.96. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.62. 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 has a 50-day moving average price of $23.47 and a two-hundred day moving average price of $22.12.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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 firm 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 company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared 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 of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. Kimco Realty’s dividend payout ratio is 120.93%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research report on Friday, February 13th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Evercore set a $25.00 price objective on Kimco Realty in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.14.

Kimco Realty 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.