Man Group plc Makes New Investment in Kimco Realty Corporation $KIM

Key Points

• Man Group plc acquired 475,582 shares of Kimco Realty in the second quarter, valued at approximately $12.1 million and representing a 0.07% 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 estimate, while revenue rose 4.9% year over year to $550.8 million.
• The company raised its quarterly dividend to $0.28 per share, equivalent to a $1.12 annualized payout and a 4.7% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $26.56.

Man Group plc acquired a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 475,582 shares of the real estate investment trust's stock, valued at approximately $12,056,000. Man Group plc owned 0.07% of Kimco Realty at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KIM. BlackRock Inc. acquired a new position in shares of Kimco Realty in the 2nd quarter valued at $1,895,765,000. Norges Bank acquired a new stake in Kimco Realty during the 4th quarter worth $215,615,000. Legal & General Group Plc acquired a new stake in Kimco Realty during the 2nd quarter worth $156,283,000. Bank of New York Mellon Corp purchased a new position in Kimco Realty during the 2nd quarter worth $152,113,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust's stock worth $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a report on Thursday, June 11th. The Goldman Sachs Group reissued a "neutral" rating and set a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Barclays boosted their price target on Kimco Realty from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Piper Sandler upped their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group raised Kimco Realty to a "hold" rating in a research report on Friday, June 26th. One investment 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.56.

Kimco Realty Stock Performance

Shares of KIM opened at $23.86 on Friday. The stock has a market capitalization of $16.00 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.65. The company's fifty day moving average is $25.05 and its two-hundred day moving average is $24.01.

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, topping the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a dividend of $0.28 per share. This is an increase from Kimco Realty's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty's dividend payout ratio is currently 131.76%.

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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