Nykredit A S Invests $4.38 Million in Kimco Realty Corporation $KIM

Nykredit A S purchased a new position in Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 172,765 shares of the real estate investment trust’s stock, valued at approximately $4,380,000.

A number of other hedge funds also recently made changes to their positions in the stock. Legal & General Group Plc boosted its holdings in Kimco Realty by 7.5% in the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after acquiring an additional 443,046 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $386,617,000 after acquiring an additional 223,936 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Kimco Realty by 9.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after purchasing an additional 48,672 shares during the period. Cetera Investment Advisers grew its stake in shares of Kimco Realty by 144.4% during the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after acquiring an additional 116,811 shares in the last quarter. Finally, Strs Ohio grew its stake in Kimco Realty by 566.3% during the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after purchasing an additional 613,876 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $23.60 on Monday. The company’s fifty day moving average is $24.90 and its two-hundred day moving average is $24.08. The company has a market cap of $15.83 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93. 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 12-month low of $19.76 and a 12-month high of $26.65.

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

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a dividend of $0.28 per share. This is a positive change 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 is 131.76%.

Analyst Ratings Changes

Several brokerages have weighed in on KIM. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. Wells Fargo & Company upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Finally, Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research note on Thursday, June 11th. One equities research 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. Based on data from MarketBeat.com, the company currently 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.