UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 7,715.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,304,565 shares of the real estate investment trust's stock after purchasing an additional 6,223,902 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.94% of Kimco Realty worth $159,821,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 41,265 shares in the last quarter. Geneos Wealth Management Inc. purchased 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 worth approximately $331,000. EverSource Wealth Advisors LLC boosted 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 worth $107,000 after purchasing an additional 1,170 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Kimco Realty by 37.1% in the second quarter. First Trust Advisors LP now owns 552,429 shares of the real estate investment trust's stock worth $11,612,000 after purchasing an additional 149,469 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.
Kimco Realty Stock Performance
NYSE KIM opened at $24.10 on Wednesday. The business's 50 day moving average price is $25.00 and its 200-day moving average price is $24.05. 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 market cap of $16.17 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.53 and a beta of 0.94. 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 (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 analysts' consensus estimates of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.Kimco Realty's revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. 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 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 annualized dividend and a dividend yield of 4.6%. Kimco Realty's dividend payout ratio (DPR) is 122.35%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th. Piper Sandler increased their price target on Kimco Realty from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. UBS Group raised their price target on Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Wolfe Research upgraded shares of Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price objective on the stock in a research report on Monday, June 22nd. Finally, Citigroup lifted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.56.
Check Out Our Latest Analysis on KIM
Kimco Realty Company Profile
(
Free Report)
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.
See Also
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