SEB Asset Management AB Acquires Shares of 250,766 Kimco Realty Corporation $KIM

SEB Asset Management AB bought a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 250,766 shares of the real estate investment trust’s stock, valued at approximately $5,635,000.

Several other institutional investors have also recently made changes to their positions in KIM. Quadrant Capital Group LLC lifted its stake in shares of Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC grew its stake in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC raised its holdings in Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares in the last quarter. Root Financial Partners LLC raised its holdings in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 603 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $26.14 on Thursday. The firm has a market cap of $17.63 billion, a P/E ratio of 30.40, a PEG ratio of 2.87 and a beta of 0.95. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.45. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $24.81 and a 200 day moving average of $23.29.

Kimco Realty (NYSE:KIM) last posted its 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. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the company earned $0.44 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KIM shares. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Monday, June 22nd. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Raymond James Financial restated a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Finally, UBS Group lifted their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. 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 company. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

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.