Jupiter Topco LLC bought a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,495 shares of the real estate investment trust's stock, valued at approximately $1,787,000.
A number of other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its position in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during 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 acquiring an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $42,000. Finally, Clearstead Advisors LLC increased its stake in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,166 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.
Kimco Realty Price Performance
Shares of NYSE KIM opened at $23.94 on Friday. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.76 and a beta of 0.93. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The firm's 50 day simple moving average is $24.94 and its 200-day simple moving average is $24.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (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 previous year, the business posted $0.44 EPS. The business'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. Analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current 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 $0.28 dividend. 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 dividend on an annualized basis and a yield of 4.7%. Kimco Realty's dividend payout ratio is presently 122.35%.
Analysts Set New Price Targets
Several brokerages recently issued reports on KIM. Raymond James Financial reissued a "strong-buy" rating and set a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. Truist Financial increased their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 25th. Wells Fargo & Company lifted their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $28.00 price objective on shares of Kimco Realty in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.56.
View Our Latest Research Report on KIM
Kimco Realty Company Profile
(
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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