iA Global Asset Management Inc. Buys New Shares in Kimco Realty Corporation $KIM

iA Global Asset Management Inc. purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 50,681 shares of the real estate investment trust’s stock, valued at approximately $1,139,000.

Other large investors have also bought and sold shares of the company. Apollon Wealth Management LLC lifted its holdings in Kimco Realty by 18.9% in the first quarter. Apollon Wealth Management LLC now owns 16,981 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 2,698 shares during the period. Janney Montgomery Scott LLC lifted its position in Kimco Realty by 23.1% during the first quarter. Janney Montgomery Scott LLC now owns 161,331 shares of the real estate investment trust’s stock valued at $3,625,000 after buying an additional 30,239 shares during the period. Caldwell Trust Co boosted its holdings in shares of Kimco Realty by 20.6% during the 1st quarter. Caldwell Trust Co now owns 87,640 shares of the real estate investment trust’s stock valued at $1,969,000 after buying an additional 14,953 shares in the last quarter. OLD National Bancorp IN lifted its position in Kimco Realty by 5.8% during the 1st quarter. OLD National Bancorp IN now owns 212,964 shares of the real estate investment trust’s stock valued at $4,785,000 after acquiring an additional 11,664 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Kimco Realty during the first quarter worth about $773,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KIM has been the subject of several recent analyst reports. Barclays lifted their price target on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. Wolfe Research upgraded shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Monday, June 22nd. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.71.

Kimco Realty Stock Up 0.9%

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

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Kimco Realty’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. Research analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given 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 dividend yield of 4.1%. Kimco Realty’s dividend payout ratio 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.