Rakuten Investment Management Inc. Takes Position in Kimco Realty Corporation $KIM

Key Points

• Rakuten Investment Management acquired 110,285 Kimco Realty shares worth approximately $2.85 million in the second quarter. Institutional investors collectively own 89.25% of the REIT’s outstanding stock.
• Kimco reported quarterly EPS of $0.46, exceeding the $0.20 consensus estimate, while revenue rose 4.9% year over year to $550.8 million. The company issued fiscal 2026 EPS guidance of $1.83–$1.84.
• Kimco increased its quarterly dividend from $0.26 to $0.28 per share, implying an annualized yield of about 4.7%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $26.56.

Rakuten Investment Management Inc. bought a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 110,285 shares of the real estate investment trust's stock, valued at approximately $2,849,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Kimco Realty in the 2nd quarter worth approximately $1,895,765,000. State Street Corp grew its holdings in Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust's stock valued at $1,035,306,000 after buying an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust's stock valued at $386,617,000 after buying an additional 223,936 shares during the last quarter. Invesco Ltd. raised its position in shares of Kimco Realty by 34.9% during the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust's stock valued at $344,933,000 after buying an additional 4,399,959 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its position in shares of Kimco Realty by 8.1% during the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust's stock valued at $261,593,000 after buying an additional 970,276 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

KIM stock opened at $23.78 on Monday. The firm has a fifty day moving average price of $25.04 and a 200 day moving average price of $24.03. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two 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 firm has a market cap of $15.95 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kimco Realty'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. Sell-side analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a $0.28 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty's payout ratio is presently 131.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KIM shares. Truist Financial upped their target price on shares of 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. lifted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $28.00 price target on shares of Kimco Realty in a research note on Tuesday, August 11th. Wolfe Research raised shares of Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. Finally, Wells Fargo & Company raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.56.

About Kimco Realty

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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