Corient Private Wealth LP Acquires New Position in Kimco Realty Corporation $KIM

Key Points

• Corient Private Wealth acquired 50,815 shares of Kimco Realty in the second quarter, valued at approximately $1.29 million. Institutional investors and hedge funds collectively own 89.25% of the REIT’s shares.
• Analysts maintain a generally positive outlook, with Kimco receiving a consensus “Moderate Buy” rating and an average price target of $26.56, compared with its $23.60 opening price.
• Kimco reported quarterly EPS of $0.46, exceeding estimates of $0.20, 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% annualized yield.

Corient Private Wealth LP bought a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 50,815 shares of the real estate investment trust's stock, valued at approximately $1,288,000.

Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its holdings in 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 worth $29,000 after acquiring an additional 1,049 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Kimco Realty by 60.7% in the 1st 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 during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the 2nd quarter worth approximately $37,000. MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the 2nd quarter worth approximately $42,000. Finally, Clearstead Advisors LLC grew its position in Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,166 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted 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, August 25th. The Goldman Sachs Group restated a "neutral" rating and issued a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Truist Financial lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. Wolfe Research raised shares of Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a report on Monday, June 22nd. Finally, Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. One research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.56.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.60 on Friday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a fifty day simple moving average of $24.90 and a two-hundred day simple moving average of $24.07. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.75 and a beta of 0.93.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) 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 period last year, the business posted $0.44 earnings per share. Kimco Realty's 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. As a group, equities analysts anticipate 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. Stockholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty's dividend payout ratio is presently 122.35%.

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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