Geode Capital Management LLC Increases Position in Kimco Realty Corporation $KIM

Geode Capital Management LLC grew its holdings in Kimco Realty Corporation (NYSE:KIM) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,141,842 shares of the real estate investment trust’s stock after buying an additional 223,936 shares during the period. Geode Capital Management LLC’s holdings in Kimco Realty were worth $386,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Brown Lisle Cummings Inc. raised its holdings in shares of Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty in the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty in the second quarter valued at about $42,000. Clearstead Advisors LLC raised its holdings in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Kimco Realty by 39.5% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 728 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Evercore set a $25.00 target price on shares of Kimco Realty in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a report on Friday, February 13th. Six 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 stock has a consensus rating of “Hold” and an average target price of $25.14.

Kimco Realty Trading Down 0.0%

NYSE KIM opened at $24.07 on Monday. The stock has a market capitalization of $16.24 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.31 and a beta of 0.96. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $24.62. The firm has a 50-day moving average price of $23.34 and a 200 day moving average price of $22.00. 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 posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities research analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

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