Legal & General Group Plc Takes $156.28 Million Position in Kimco Realty Corporation $KIM

Key Points

• Legal & General Group Plc acquired 6.16 million Kimco Realty shares worth approximately $156.3 million, giving it a 0.92% stake. Institutional investors collectively own 89.25% of the REIT.
• Kimco Realty exceeded quarterly earnings expectations, reporting $0.46 EPS versus the $0.20 consensus and $550.8 million in revenue, up 4.9% year over year.
• The company raised its quarterly dividend from $0.26 to $0.28 per share, equating to a 4.7% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $26.56.

Legal & General Group Plc purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,164,998 shares of the real estate investment trust's stock, valued at approximately $156,283,000. Legal & General Group Plc owned approximately 0.92% of Kimco Realty at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position 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 worth $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust's stock worth $113,000 after buying an additional 520 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of 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 worth $32,000 after buying an additional 546 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of 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 worth $1,602,000 after buying an additional 603 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Kimco Realty by 13.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust's stock worth $114,000 after buying an additional 610 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.7%

KIM opened at $23.86 on Friday. 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 stock has a market cap of $16.00 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.56 and a beta of 0.95. 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 price is $25.05 and its two-hundred day moving average price is $24.01.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping 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 company had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. During the same quarter last year, the business posted $0.44 EPS. Kimco Realty'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. As a group, equities analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. The ex-dividend date is Friday, September 4th. This is a boost 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 presently 131.76%.

Analyst Upgrades and Downgrades

KIM has been the subject of several recent analyst reports. Piper Sandler upped their target price on Kimco Realty from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. UBS Group boosted their price objective on Kimco Realty from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Evercore set a $25.00 price objective on Kimco Realty in a research report on Friday, May 1st. Citigroup upped 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. Finally, JPMorgan Chase & Co. raised their target price on Kimco Realty from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.56.

Key Headlines Impacting Kimco Realty

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.

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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