Varma Mutual Pension Insurance Co Buys Shares of 559,993 Kimco Realty Corporation $KIM

Key Points

• Varma Mutual Pension Insurance Co. acquired 559,993 Kimco Realty shares worth approximately $14.2 million, joining other institutional investors that collectively own 89.25% of the REIT.
• Kimco Realty reported quarterly revenue of $550.8 million and EPS of $0.46, exceeding analyst expectations, while revenue increased 4.9% year over year.
• The company raised its quarterly dividend from $0.26 to $0.28 per share, equating to a 4.7% annualized yield; analysts maintain a “Moderate Buy” consensus with a $26.50 average price target.

Varma Mutual Pension Insurance Co bought a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 559,993 shares of the real estate investment trust's stock, valued at approximately $14,196,000. Varma Mutual Pension Insurance Co owned approximately 0.08% of Kimco Realty at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT raised its stake in Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Root Financial Partners LLC boosted its stake in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty during the 2nd quarter worth $37,000. MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty during the second quarter worth $42,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,166 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.0%

Shares of Kimco Realty stock opened at $24.03 on Monday. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.56 and a beta of 0.95. 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 stock has a 50 day moving average of $25.12 and a 200 day moving average of $23.94.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data 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. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the company earned $0.44 EPS. The company's quarterly 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. As a group, research analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid 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 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty's payout ratio is presently 122.35%.

Wall Street Analyst Weigh In

KIM has been the topic of several research reports. Piper Sandler raised their price target on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a report on Thursday, June 11th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. Scotiabank increased their price target on Kimco Realty from $24.00 to $25.00 and gave the company a "sector perform" rating in a report on Tuesday, May 19th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $26.50.

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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