Dimensional Fund Advisors LP Has $232.36 Million Stock Position in Kimco Realty Corporation $KIM

Dimensional Fund Advisors LP grew its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 1.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,341,105 shares of the real estate investment trust’s stock after acquiring an additional 152,242 shares during the period. Dimensional Fund Advisors LP’s holdings in Kimco Realty were worth $232,363,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Kimco Realty by 46.0% during the first quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 2,829 shares in the last quarter. KBC Group NV boosted its holdings in shares of Kimco Realty by 10.7% during the 1st quarter. KBC Group NV now owns 331,120 shares of the real estate investment trust’s stock valued at $7,441,000 after acquiring an additional 31,872 shares in the last quarter. SEB Asset Management AB bought a new stake in Kimco Realty during the 1st quarter worth $5,635,000. Swiss National Bank grew its position in Kimco Realty by 7.1% during the 1st quarter. Swiss National Bank now owns 1,987,433 shares of the real estate investment trust’s stock worth $44,658,000 after acquiring an additional 132,000 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Kimco Realty by 3.9% in the 1st quarter. California Public Employees Retirement System now owns 1,324,711 shares of the real estate investment trust’s stock worth $29,766,000 after purchasing an additional 50,289 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on KIM shares. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley upped their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.12.

Kimco Realty Stock Down 1.5%

Shares of NYSE:KIM opened at $25.75 on Friday. The firm has a market cap of $17.37 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.88 and a beta of 0.95. The company has a quick ratio of 3.78, a current 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 $26.45. The business has a fifty day simple moving average of $24.86 and a 200 day simple moving average of $23.33.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 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 firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

Kimco Realty Company Profile

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.