69,552 Shares in Kimco Realty Corporation $KIM Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 69,552 shares of the real estate investment trust’s stock, valued at approximately $1,563,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its stake in Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC boosted its holdings in Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 530 shares during the last quarter. Norinchukin Bank The boosted its holdings in Kimco Realty by 0.8% in the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after buying an additional 603 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Kimco Realty by 17.5% during the 3rd quarter. Allworth Financial LP now owns 4,135 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 617 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.0%

KIM opened at $25.88 on Monday. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company’s 50 day simple moving average is $24.18 and its two-hundred day simple moving average is $22.63. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78.

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, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue 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. Analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio is presently 120.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KIM shares. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their price target on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday. Barclays raised their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Scotiabank lifted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and a consensus price target of $25.50.

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.