Kimco Realty Corporation $KIM Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 5.3% during the fourth quarter, HoldingsChannel reports. The fund owned 5,958,282 shares of the real estate investment trust’s stock after acquiring an additional 298,992 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kimco Realty were worth $120,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Kimco Realty by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,502,974 shares of the real estate investment trust’s stock valued at $111,545,000 after buying an additional 121,409 shares during the period. One Capital Management LLC acquired a new position in Kimco Realty during the fourth quarter worth about $3,852,000. New Mexico Educational Retirement Board grew its position in Kimco Realty by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 31,468 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 900 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Kimco Realty by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,234,823 shares of the real estate investment trust’s stock valued at $25,030,000 after buying an additional 33,801 shares in the last quarter. Finally, MUFG Securities EMEA plc increased its holdings in Kimco Realty by 114.4% in the fourth quarter. MUFG Securities EMEA plc now owns 27,794 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 14,832 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on KIM shares. JPMorgan Chase & Co. boosted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Truist Financial lifted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Evercore set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, May 1st. Scotiabank increased 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. Finally, Piper Sandler upped their target price on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Trading Up 0.1%

Shares of KIM opened at $24.27 on Monday. The company has a market capitalization of $16.36 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $24.62. The stock has a fifty day moving average of $23.47 and a two-hundred day moving average of $22.12.

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

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 dividend yield of 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio 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.