D.A. Davidson & CO. Raises Stake in Kimco Realty Corporation $KIM

D.A. Davidson & CO. boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 78.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 87,771 shares of the real estate investment trust’s stock after purchasing an additional 38,570 shares during the period. D.A. Davidson & CO.’s holdings in Kimco Realty were worth $1,972,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Kimco Realty by 2.2% in the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after acquiring an additional 1,034,573 shares during the period. Geode Capital Management LLC grew its position in shares of Kimco Realty by 1.2% during 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 acquiring an additional 223,936 shares during the period. Invesco Ltd. increased its stake in shares of Kimco Realty by 34.9% during the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after purchasing an additional 4,399,959 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Kimco Realty by 8.1% during the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after purchasing an additional 970,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Kimco Realty by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after purchasing an additional 63,054 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KIM. Scotiabank upped their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Piper Sandler raised their target price on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a research note on Thursday, June 11th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.06.

Kimco Realty Stock Up 0.2%

KIM opened at $26.07 on Wednesday. The company has a 50 day moving average of $24.75 and a 200 day moving average of $23.25. The company has a market cap of $17.58 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.45. The company has a current ratio of 3.78, a quick 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s payout ratio is 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.