Bank of Nova Scotia Buys Shares of 121,139 Kimco Realty Corporation $KIM

Key Points

• Bank of Nova Scotia acquired 121,139 Kimco Realty shares during the second quarter, valued at approximately $3.08 million. Institutional investors collectively own 89.25% of the REIT.
• Analyst sentiment remains positive but cautious, with a consensus rating of “Moderate Buy” and an average price target of $26.56. JPMorgan and Scotiabank raised their targets, while maintaining neutral or sector-perform ratings.
• Kimco reported quarterly EPS of $0.46, beating estimates by $0.26, while revenue rose 4.9% year over year to $550.8 million. The company also increased its quarterly dividend to $0.28 per share, implying a 4.7% yield.

Bank of Nova Scotia 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 121,139 shares of the real estate investment trust's stock, valued at approximately $3,079,000.

Other institutional investors have also recently made changes to their positions in the company. Commerce Bank purchased a new position in Kimco Realty in the second quarter valued at $264,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Kimco Realty during the 2nd quarter worth about $586,000. Quantbot Technologies LP acquired a new stake in Kimco Realty in the 2nd quarter valued at about $4,336,000. Evolve Private Wealth LLC purchased a new position in shares of Kimco Realty in the 2nd quarter valued at about $375,000. Finally, Varma Mutual Pension Insurance Co acquired a new position in shares of Kimco Realty during the second quarter worth about $14,196,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

KIM has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $28.00 price target on shares of Kimco Realty in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday. Jefferies Financial Group raised shares of Kimco Realty to a "hold" rating in a research report on Friday, June 26th. Piper Sandler raised their price target on Kimco Realty from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Scotiabank lifted their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.56.

Kimco Realty Stock Down 0.1%

KIM stock opened at $24.03 on Thursday. The stock has a market cap of $16.12 billion, a P/E ratio of 28.27, a PEG ratio of 2.57 and a beta of 0.95. The company has a current ratio of 5.23, a quick 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 company's 50 day moving average is $25.06 and its two-hundred day moving average is $24.00.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the firm posted $0.44 EPS. The company's 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. Research analysts expect 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. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. Kimco Realty's dividend payout ratio is 122.35%.

Key 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

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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