Saudi Central Bank Has $1.20 Million Position in Kimco Realty Corporation $KIM

Saudi Central Bank grew its position in Kimco Realty Corporation (NYSE:KIM) by 88.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,185 shares of the real estate investment trust’s stock after acquiring an additional 22,189 shares during the period. Saudi Central Bank’s holdings in Kimco Realty were worth $1,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KIM. BlackRock Inc. bought a new position in Kimco Realty during the second quarter worth about $1,895,765,000. State Street Corp raised its stake in Kimco Realty by 2.2% in the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after buying an additional 1,034,573 shares during the period. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 1.2% in the fourth 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 buying an additional 223,936 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kimco Realty by 34.9% during the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after acquiring an additional 4,399,959 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in shares of Kimco Realty by 8.1% during the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after acquiring an additional 970,276 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research report on Monday, June 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a report on Friday, June 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a report on Tuesday, August 11th. Finally, Wells Fargo & Company upped their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Kimco Realty Price Performance

KIM stock opened at $23.75 on Wednesday. The company has a market capitalization of $15.93 billion, a P/E ratio of 27.94, a PEG ratio of 2.71 and a beta of 0.93. The company has a fifty day moving average price of $24.82 and a 200-day moving average price of $24.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65.

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

Kimco Realty Increases Dividend

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

About Kimco Realty

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.