68,125 Shares in Kimco Realty Corporation $KIM Bought by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 68,125 shares of the real estate investment trust’s stock, valued at approximately $1,727,000.

Several other large investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT increased its position in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,049 shares in the last quarter. Root Financial Partners LLC grew its position in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty during the second quarter worth approximately $37,000. MUFG Securities EMEA plc purchased a new position in Kimco Realty in the second quarter valued at about $42,000. Finally, Clearstead Advisors LLC grew its position in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.1%

KIM stock opened at $23.78 on Friday. The business has a fifty day moving average of $25.04 and a 200-day moving average of $24.01. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The company has a market cap of $15.95 billion, a P/E ratio of 27.98, a PEG ratio of 2.54 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 (NYSE:KIM) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.Kimco Realty’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, equities research analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.7%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s payout ratio is currently 122.35%.

Analysts Set New Price Targets

Several research analysts have recently commented on KIM shares. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kimco Realty in a research note on Friday, July 31st. Wells Fargo & Company lifted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Finally, Piper Sandler increased their target price on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

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.