Adelante Capital Management LLC bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 739,084 shares of the real estate investment trust's stock, valued at approximately $18,736,000. Kimco Realty accounts for 1.2% of Adelante Capital Management LLC's portfolio, making the stock its 25th biggest position. Adelante Capital Management LLC owned 0.11% of Kimco Realty at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock valued at $2,351,000 after buying an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust's stock valued at $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Kimco Realty in the first quarter worth $61,000. Quantbot Technologies LP purchased a new position in shares of Kimco Realty during the 2nd quarter worth $331,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Kimco Realty by 30.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.
More Kimco Realty News
Here are the key news stories impacting Kimco Realty this week:
- Positive Sentiment: Zacks Research raised multiple EPS estimates: Forecasts increased for Q3 2026 to $0.46 from $0.45, Q4 2026 to $0.46 from $0.45, and full-year 2026 to $1.84 from $1.81. Zacks also lifted Q2 2027 EPS to $0.48, Q2 2028 EPS to $0.49, and FY2028 EPS to $1.94 from $1.93. These revisions suggest slightly improved expectations for the retail-focused real estate investment trust’s earnings growth.
- Positive Sentiment: JPMorgan raised its price target on Kimco Realty to $26 from $25, implying additional upside from recent trading levels. However, the firm maintained a “neutral” rating, limiting the bullish significance of the target increase. Benzinga report
- Neutral Sentiment: Analyst estimates remain broadly aligned with consensus. Zacks’ revised FY2026 EPS forecast of $1.84 matches the current consensus estimate, while its FY2028 forecast of $1.94 represents only a modest increase. The updates therefore provide incremental support but are unlikely to trigger a major repricing by themselves.
- Neutral Sentiment: Recent coverage characterized Kimco’s second-quarter performance as steady and highlighted the new $26 price target, reinforcing a stable operating outlook rather than signaling a major business inflection. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
Analyst Ratings Changes
A number of research firms have recently weighed in on KIM. UBS Group raised their target price on Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 9th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $28.00 target price on shares of Kimco Realty in a report on Tuesday, August 11th. Wells Fargo & Company boosted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock 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 report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on Kimco Realty from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.56.
Read Our Latest Report on KIM
Kimco Realty Stock Performance
Kimco Realty stock opened at $24.03 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market cap of $16.12 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.57 and a beta of 0.95. The firm's fifty day moving average price is $25.06 and its 200-day moving average price is $24.00. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $543.75 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. 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. On average, equities research analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.
Kimco Realty Increases Dividend
The business also recently announced 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. This represents a $1.12 annualized dividend and a yield of 4.7%. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. Kimco Realty's dividend payout ratio (DPR) is presently 122.35%.
About Kimco Realty
(
Free Report)
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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