Varma Mutual Pension Insurance Co Acquires 142,800 Shares of Kimco Realty Corporation $KIM

Key Points

• Varma Mutual Pension Insurance Co raised its stake in Kimco Realty by 28.8%, purchasing 142,800 shares to hold 637,793 shares worth about $12.93 million (roughly 0.09% of the company).
• Kimco beat quarterly expectations with $0.46 EPS vs. $0.45 expected and $558.02 million in revenue, and set FY2026 guidance at $1.810–$1.840 EPS (analysts’ average estimate ~1.82).
• The company declared a quarterly dividend of $0.26 (annualized $1.04), implying a 4.5% yield, though the payout ratio is high at 120.93%.

Varma Mutual Pension Insurance Co raised its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 637,793 shares of the real estate investment trust's stock after purchasing an additional 142,800 shares during the period. Varma Mutual Pension Insurance Co owned approximately 0.09% of Kimco Realty worth $12,928,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in Kimco Realty by 14.2% during the fourth quarter. Truist Financial Corp now owns 19,052 shares of the real estate investment trust's stock valued at $386,000 after purchasing an additional 2,363 shares in the last quarter. AlphaStar Capital Management LLC raised its position in Kimco Realty by 14.3% during the fourth quarter. AlphaStar Capital Management LLC now owns 19,072 shares of the real estate investment trust's stock valued at $387,000 after purchasing an additional 2,388 shares in the last quarter. Oak Harbor Wealth Partners LLC raised its position in Kimco Realty by 14.7% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 49,909 shares of the real estate investment trust's stock valued at $1,012,000 after purchasing an additional 6,409 shares in the last quarter. Strs Ohio raised its position in Kimco Realty by 578.5% during the fourth quarter. Strs Ohio now owns 108,406 shares of the real estate investment trust's stock valued at $2,197,000 after purchasing an additional 92,428 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Kimco Realty during the fourth quarter valued at about $7,364,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank raised their price target on Kimco Realty from $22.00 to $24.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 24th. Robert W. Baird set a $25.00 price target on Kimco Realty in a research report on Friday, February 13th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Sunday, April 26th. Truist Financial raised their price target on Kimco Realty from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Monday, March 23rd. Finally, Wells Fargo & Company raised their price target on Kimco Realty from $21.00 to $25.00 and gave the company an "equal weight" rating in a research report on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $24.71.

Kimco Realty Stock Down 0.1%

KIM opened at $23.37 on Tuesday. The company has a market cap of $15.76 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.30 and a beta of 0.97. The business's 50-day moving average price is $23.17 and its 200-day moving average price is $21.68. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $24.31.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the previous year, the business earned $0.44 EPS. Kimco Realty's revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.82 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, June 5th. Kimco Realty's payout ratio is currently 120.93%.

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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