Bank of New York Mellon Corp Acquires New Holdings in Kimco Realty Corporation $KIM

Bank of New York Mellon Corp purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,000,498 shares of the real estate investment trust's stock, valued at approximately $152,113,000. Bank of New York Mellon Corp owned about 0.89% of Kimco Realty as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in shares of 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 purchasing an additional 1,049 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty in the 2nd quarter valued at approximately $37,000. MUFG Securities EMEA plc bought a new stake in shares of Kimco Realty in the 2nd quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,166 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KIM. Piper Sandler boosted their price objective on Kimco Realty from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Barclays boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 12th. Wolfe Research raised 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. Wells Fargo & Company raised their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $28.00 price objective on shares of Kimco Realty in a report on Tuesday, August 11th. 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.50.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $24.03 on Monday. The business has a fifty day moving average price of $25.12 and a two-hundred day moving average price of $23.94. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week 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 stock has a market capitalization of $16.12 billion, a PE ratio of 28.27, a P/E/G ratio of 2.56 and a beta of 0.95.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, equities analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

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