Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in Kimco Realty Corporation $KIM

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 164,308 shares of the real estate investment trust’s stock, valued at approximately $3,331,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. Norges Bank bought a new position in Kimco Realty during the 4th quarter worth about $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after acquiring an additional 5,322,009 shares in the last quarter. SG Americas Securities LLC grew its holdings in Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock worth $49,173,000 after acquiring an additional 2,403,585 shares in the last quarter. Barclays PLC grew its holdings in Kimco Realty by 113.0% during the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock worth $69,612,000 after acquiring an additional 1,690,137 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Kimco Realty by 762.6% during the 3rd quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust’s stock worth $41,518,000 after acquiring an additional 1,679,852 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. JPMorgan Chase & Co. increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.14.

Kimco Realty Stock Performance

KIM stock opened at $24.26 on Tuesday. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.78 and a beta of 0.96. The firm has a 50-day simple moving average of $23.51 and a two-hundred day simple moving average of $22.15. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $24.62. 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 (NYSE:KIM) last released its quarterly 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. The business had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend 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%.

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.