Bank OZK Acquires Shares of 103,191 Kimco Realty Corporation $KIM

Bank OZK purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 103,191 shares of the real estate investment trust's stock, valued at approximately $2,616,000.

Other hedge funds have also made changes to their positions in the company. Centaurus Financial Inc. acquired a new stake in shares of Kimco Realty during the second quarter valued at $133,000. Pacific Heights Asset Management LLC purchased a new position in shares of Kimco Realty in the 2nd quarter worth $15,210,000. Public Employees Retirement System of Ohio acquired a new position in shares of Kimco Realty in the 2nd quarter valued at about $24,376,000. Adelante Capital Management LLC acquired a new stake in shares of Kimco Realty in the second quarter worth $18,736,000. Finally, Corient Private Wealth LP acquired a new stake in Kimco Realty in the 2nd quarter valued at $1,288,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KIM. Citigroup raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday. Evercore set a $25.00 price target on Kimco Realty in a report on Friday, May 1st. Jefferies Financial Group upgraded shares of Kimco Realty to a "hold" rating in a research report on Friday, June 26th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.56.

Kimco Realty Trading Down 0.7%

NYSE:KIM opened at $23.86 on Friday. The company's 50 day moving average is $25.05 and its 200-day moving average is $24.01. 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 $16.00 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.56 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 (NYSE:KIM - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 firm had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. During the same period in the prior year, the company 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. Equities analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase 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 presently 131.76%.

More Kimco Realty News

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: JPMorgan expects upside: A JPMorgan Chase analyst said Kimco Realty’s stock price is expected to rise, adding a bullish signal for the shopping-center REIT. Kimco Realty Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says
• Positive Sentiment: New $26 price target: Kimco shares gained following coverage highlighting a fresh $26 price target and steady second-quarter performance, suggesting analysts see additional value above recent trading levels. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
• Positive Sentiment: Near-term and longer-term estimates improved: Zacks Research raised its forecasts for third-quarter 2026 EPS to $0.46 from $0.45, fourth-quarter EPS to $0.46 from $0.45, and full-year 2026 EPS to $1.84 from $1.81. It also lifted its Q2 2027 estimate to $0.48, Q2 2028 to $0.49, and FY2028 to $1.94 from $1.93, indicating modestly better expected operating performance.
• Neutral Sentiment: Forecasts remain close to consensus: Zacks’ $1.84 full-year 2026 estimate matches the current consensus, so the upgrades may already be reflected in expectations rather than representing a major earnings surprise.
• Negative Sentiment: Some estimates were trimmed: Zacks reduced its FY2027 EPS forecast to $1.87 from $1.88 and Q1 2028 EPS to $0.48 from $0.49. The small cuts introduce a modest counterpoint to the broader estimate revisions.

About Kimco Realty

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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