148,253 Shares in Kimco Realty Corporation $KIM Acquired by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers acquired 148,253 shares of Kimco Realty worth approximately $3.76 million, while institutional investors collectively own 89.25% of the REIT’s stock.
• Analysts maintain a generally positive outlook, with Kimco carrying a consensus “Moderate Buy” rating and an average price target of $26.50; targets range as high as $31.
• Kimco exceeded quarterly earnings expectations, reporting $0.46 in EPS and $550.8 million in revenue, and raised its quarterly dividend to $0.28 per share, equivalent to a 4.6% annualized yield.

Wealthfront Advisers LLC acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 148,253 shares of the real estate investment trust's stock, valued at approximately $3,758,000.

A number of other institutional investors have also recently modified their holdings of the stock. Meeder Advisory Services Inc. bought a new stake in shares of Kimco Realty during the 2nd quarter valued at $744,000. BlackRock Inc. bought a new position in shares of Kimco Realty in the second quarter worth $1,895,765,000. Deutsche Bank AG acquired a new position in Kimco Realty in the second quarter valued at about $85,849,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kimco Realty in the second quarter valued at about $56,765,000. Finally, Compass Capital Management Inc. bought a new stake in Kimco Realty during the second quarter worth about $295,000. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Kimco Realty in a research note on Friday, July 31st. Wolfe Research upgraded Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 target price for the company in a research note on Monday, June 22nd. Scotiabank lifted their price target 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. Finally, Piper Sandler raised their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. 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 stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average price target of $26.50.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $24.17 on Friday. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.59 and a beta of 0.95. The firm has a 50 day simple moving average of $25.15 and a 200 day simple moving average of $23.92.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.6%. This is an increase from Kimco Realty's previous quarterly dividend of $0.26. Kimco Realty's dividend payout ratio is presently 122.35%.

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.

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