Legal & General Group Plc Has $128.19 Million Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• Legal & General Group Plc boosted its Kimco Realty stake by 7.5% in the fourth quarter, ending with 6.32 million shares valued at about $128.2 million.
• Kimco Realty reported better-than-expected quarterly results, posting EPS of $0.46 on revenue of $558.0 million, and it raised its FY 2026 EPS guidance to 1.810-1.840.
• The company declared a quarterly dividend of $0.26 per share, equal to an annualized yield of about 4.3%, while Wall Street’s consensus rating remains Hold with an average price target of $25.14.

Legal & General Group Plc increased its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,323,989 shares of the real estate investment trust's stock after acquiring an additional 443,046 shares during the period. Legal & General Group Plc owned about 0.93% of Kimco Realty worth $128,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust's stock valued at $663,000 after purchasing an additional 503 shares during the last quarter. Parallel Advisors LLC lifted its stake in Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust's stock valued at $113,000 after purchasing an additional 520 shares during the last quarter. EPG Wealth Management LLC lifted its stake in Kimco Realty by 1.8% in the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust's stock valued at $624,000 after purchasing an additional 530 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Kimco Realty by 5.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 589 shares during the last quarter. Finally, Norinchukin Bank The lifted its stake in Kimco Realty by 0.8% in the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust's stock valued at $1,602,000 after purchasing an additional 603 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

KIM stock opened at $24.21 on Friday. The company has a fifty day moving average price of $23.32 and a 200-day moving average price of $21.97. The company has a market capitalization of $16.32 billion, a P/E ratio of 28.15, a PEG ratio of 1.33 and a beta of 0.97. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $24.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to analysts' expectations of $542.73 million. During the same period in the prior year, the company posted $0.44 earnings per share. Kimco Realty's revenue for the quarter was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. Kimco Realty's dividend payout ratio is 120.93%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KIM shares. Wells Fargo & Company increased their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, March 19th. Barclays increased their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research note on Friday, February 13th. Evercore set a $25.00 price objective on shares of Kimco Realty in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Kimco Realty from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Kimco Realty has an average rating of "Hold" and an average target price of $25.14.

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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