3,386,553 Shares in Kimco Realty Corporation $KIM Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,386,553 shares of the real estate investment trust's stock, valued at approximately $85,849,000. Deutsche Bank AG owned approximately 0.50% of Kimco Realty at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust's stock valued at $16,044,000 after acquiring an additional 773,780 shares during the last quarter. Geode Capital Management LLC raised its stake in Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust's stock worth $386,617,000 after acquiring an additional 223,936 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Kimco Realty by 7.5% in the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust's stock worth $128,187,000 after acquiring an additional 443,046 shares during the last quarter. Strs Ohio boosted its stake in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust's stock valued at $16,230,000 after purchasing an additional 613,876 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust's stock valued at $10,937,000 after purchasing an additional 48,672 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KIM. Wells Fargo & Company upped their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Citigroup raised their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Truist Financial boosted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. UBS Group increased their price target on Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. 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 report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.

Kimco Realty Stock Performance

NYSE KIM opened at $24.17 on Friday. The company has a market capitalization 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 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 twelve month low of $19.76 and a twelve month high of $26.65. The stock has a fifty 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 announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same period in the previous year, the business earned $0.44 EPS. The business'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. Sell-side analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.28 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a dividend yield of 4.6%. Kimco Realty's dividend payout ratio is 122.35%.

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.

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