Man Group plc Purchases New Stake in Kimco Realty Corporation $KIM

Man Group plc acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 475,582 shares of the real estate investment trust’s stock, valued at approximately $12,056,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Kimco Realty during the 2nd quarter worth $1,895,765,000. State Street Corp grew its stake in shares of Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after purchasing an additional 1,034,573 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after purchasing an additional 223,936 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after purchasing an additional 4,399,959 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in shares of Kimco Realty by 8.1% in the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after purchasing an additional 970,276 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.7%

NYSE:KIM opened at $23.86 on Friday. The company has a market capitalization of $16.00 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The stock has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $24.01.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities research analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is currently 131.76%.

Analyst Ratings Changes

A number of analysts recently commented on KIM shares. Piper Sandler boosted their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a report on Thursday, June 11th. Truist Financial lifted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Scotiabank upped their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.56.

Key Stories Impacting Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: JPMorgan expects upside: A JPMorgan Chase analyst said Kimco Realty’s stock price is expected to rise, adding a bullish signal for the shopping-center REIT. Kimco Realty Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says
• Positive Sentiment: New $26 price target: Kimco shares gained following coverage highlighting a fresh $26 price target and steady second-quarter performance, suggesting analysts see additional value above recent trading levels. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
• Positive Sentiment: Near-term and longer-term estimates improved: Zacks Research raised its forecasts for third-quarter 2026 EPS to $0.46 from $0.45, fourth-quarter EPS to $0.46 from $0.45, and full-year 2026 EPS to $1.84 from $1.81. It also lifted its Q2 2027 estimate to $0.48, Q2 2028 to $0.49, and FY2028 to $1.94 from $1.93, indicating modestly better expected operating performance.
• Neutral Sentiment: Forecasts remain close to consensus: Zacks’ $1.84 full-year 2026 estimate matches the current consensus, so the upgrades may already be reflected in expectations rather than representing a major earnings surprise.
• Negative Sentiment: Some estimates were trimmed: Zacks reduced its FY2027 EPS forecast to $1.87 from $1.88 and Q1 2028 EPS to $0.48 from $0.49. The small cuts introduce a modest counterpoint to the broader estimate revisions.

Kimco Realty 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.