Kimco Realty Corporation $KIM Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Kimco Realty Corporation (NYSE:KIM) by 9.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 675,199 shares of the real estate investment trust’s stock after purchasing an additional 55,486 shares during the period. New York State Teachers Retirement System’s holdings in Kimco Realty were worth $15,172,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KIM. Zions Bancorporation National Association UT lifted its holdings in shares of Kimco Realty by 270.4% during 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. Brown Lisle Cummings Inc. grew its stake in Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares during the last quarter. Root Financial Partners LLC increased its position 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 valued at $32,000 after buying an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Kimco Realty during the 2nd quarter valued at about $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in Kimco Realty in the second quarter valued at about $42,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of KIM stock opened at $25.30 on Friday. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.79 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The business has a fifty day moving average of $24.34 and a 200 day moving average of $22.80. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. Kimco Realty’s payout ratio is 120.93%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Monday, June 22nd. Truist Financial upped their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley boosted their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.71.

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.