Palogic Value Management L.P. Makes New Investment in Kimco Realty Corporation $KIM

Key Points

• Palogic Value Management initiated a position in Kimco Realty, purchasing 55,036 shares valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 89.25% of the company.
• Analysts maintain a broadly positive outlook, with Kimco holding a “Moderate Buy” consensus rating and an average price target of $26.56, compared with its recent price of $24.03.
• Kimco exceeded quarterly earnings and revenue expectations, while raising its quarterly dividend to $0.28 per share, equivalent to a 4.7% annualized yield.

Palogic Value Management L.P. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,036 shares of the real estate investment trust's stock, valued at approximately $1,395,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock worth $2,351,000 after purchasing an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust's stock valued at $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Kimco Realty during the first quarter valued at approximately $61,000. Quantbot Technologies LP bought a new position in shares of Kimco Realty in the second quarter valued at approximately $331,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 1,170 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KIM shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kimco Realty in a report on Friday, July 31st. Citigroup lifted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Barclays boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. The Goldman Sachs Group restated a "neutral" rating and set a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Finally, Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. 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 company's stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.56.

Kimco Realty Stock Performance

NYSE:KIM opened at $24.03 on Thursday. The firm's 50-day moving average is $25.06 and its 200-day moving average is $24.00. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.57 and a beta of 0.95.

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 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 business had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Equities research analysts anticipate 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. Shareholders of record on Friday, September 4th will be issued a $0.28 dividend. This is a positive change from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.7%. Kimco Realty's payout ratio is currently 122.35%.

Key Headlines Impacting Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: Zacks Research raised multiple EPS estimates: Forecasts increased for Q3 2026 to $0.46 from $0.45, Q4 2026 to $0.46 from $0.45, and full-year 2026 to $1.84 from $1.81. Zacks also lifted Q2 2027 EPS to $0.48, Q2 2028 EPS to $0.49, and FY2028 EPS to $1.94 from $1.93. These revisions suggest slightly improved expectations for the retail-focused real estate investment trust’s earnings growth.
• Positive Sentiment: JPMorgan raised its price target on Kimco Realty to $26 from $25, implying additional upside from recent trading levels. However, the firm maintained a “neutral” rating, limiting the bullish significance of the target increase. Benzinga report
• Neutral Sentiment: Analyst estimates remain broadly aligned with consensus. Zacks’ revised FY2026 EPS forecast of $1.84 matches the current consensus estimate, while its FY2028 forecast of $1.94 represents only a modest increase. The updates therefore provide incremental support but are unlikely to trigger a major repricing by themselves.
• Neutral Sentiment: Recent coverage characterized Kimco’s second-quarter performance as steady and highlighted the new $26 price target, reinforcing a stable operating outlook rather than signaling a major business inflection. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance

Kimco Realty 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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