Fulton Bank N.A. Makes New Investment in Kimco Realty Corporation $KIM

Fulton Bank N.A. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,037 shares of the real estate investment trust’s stock, valued at approximately $1,394,000.

Several other large investors also recently made changes to their positions in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kimco Realty by 6.4% in the 1st 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 during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Kimco Realty in the 1st quarter worth approximately $61,000. Quantbot Technologies LP bought a new stake in Kimco Realty during the second quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC boosted its position in Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KIM. Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research note on Monday. Finally, Morgan Stanley lifted their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $25.30 on Friday. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.76 and a beta of 0.95. The business has a 50 day moving average price of $24.30 and a 200 day moving average price of $22.78. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.08.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

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.