Abel Hall LLC Grows Holdings in Kimco Realty Corporation $KIM

Abel Hall LLC raised its position in Kimco Realty Corporation (NYSE:KIM) by 92.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,602 shares of the real estate investment trust’s stock after buying an additional 20,506 shares during the period. Abel Hall LLC’s holdings in Kimco Realty were worth $957,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Kimco Realty during the fourth quarter worth about $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kimco Realty by 541.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. Invesco Ltd. grew its stake in 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 valued at $344,933,000 after purchasing an additional 4,399,959 shares in the last quarter. SG Americas Securities LLC grew its stake in Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Kimco Realty by 200.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,574,515 shares of the real estate investment trust’s stock worth $72,455,000 after purchasing an additional 2,383,236 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of KIM opened at $25.30 on Monday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.08. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.79 and a beta of 0.95. The stock has a 50 day moving average of $24.34 and a 200-day moving average of $22.81.

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 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 business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period in the prior year, the company posted $0.44 EPS. 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. As a group, analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s dividend payout ratio is 120.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Monday, June 22nd. Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. Barclays increased their price objective 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. Finally, Morgan Stanley raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

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.