1,964,489 Shares in Kimco Realty Corporation $KIM Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 1,964,489 shares of Kimco Realty, valued at approximately $49.8 million, giving it a 0.29% stake. Institutional investors and hedge funds collectively own 89.25% of the REIT.
• Analysts have a “Moderate Buy” consensus on KIM, with an average price target of $26.56; recent targets range from $25 to $29.
• Kimco exceeded quarterly earnings and revenue estimates, reporting $0.46 EPS and $550.8 million in revenue. The company also raised its quarterly dividend to $0.28 per share, equivalent to a 4.7% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,964,489 shares of the real estate investment trust's stock, valued at approximately $49,800,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.29% of Kimco Realty as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Zions Bancorporation National Association UT lifted its stake in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 1,049 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Kimco Realty during the 2nd quarter worth $37,000. MUFG Securities EMEA plc bought a new position in shares of Kimco Realty during the 2nd quarter valued at $42,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,166 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of a number of recent research reports. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 19th. Wolfe Research upgraded Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. Truist Financial boosted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Kimco Realty in a research note on Friday, July 31st. Finally, UBS Group upped their price target on Kimco Realty from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. One 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.56.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.60 on Monday. The company's 50 day moving average is $24.90 and its 200-day moving average is $24.08. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 2.71 and a beta of 0.93.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. Kimco Realty's dividend payout ratio is currently 131.76%.

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.

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