California Public Employees Retirement System Buys 50,289 Shares of Kimco Realty Corporation $KIM

California Public Employees Retirement System lifted its stake in Kimco Realty Corporation (NYSE:KIM) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,324,711 shares of the real estate investment trust’s stock after buying an additional 50,289 shares during the period. California Public Employees Retirement System’s holdings in Kimco Realty were worth $29,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp increased its position in shares of Kimco Realty by 4,368.2% during the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after purchasing an additional 773,780 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Kimco Realty during the 4th quarter worth approximately $900,000. Geode Capital Management LLC boosted its holdings in shares of Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after buying an additional 223,936 shares during the last quarter. Strs Ohio boosted its holdings in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after buying an additional 613,876 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Kimco Realty by 7.5% in the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after buying an additional 443,046 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KIM. Morgan Stanley boosted 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. Truist Financial upped their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Barclays increased their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research report on Thursday, June 11th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

Kimco Realty Price Performance

NYSE:KIM opened at $26.07 on Wednesday. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.45. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 2.87 and a beta of 0.95. The stock’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $23.25. 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 (NYSE:KIM) last issued its 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. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is currently 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.