Kimco Realty Corporation $KIM Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 11.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,945,393 shares of the real estate investment trust’s stock after purchasing an additional 295,675 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Kimco Realty were worth $65,417,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in KIM. Root Financial Partners LLC grew its stake in shares of 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 acquiring an additional 546 shares during the period. IFP Advisors Inc raised its holdings in shares of Kimco Realty by 37.9% during the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 478 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Kimco Realty by 41.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 847 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in Kimco Realty by 100.0% during the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,500 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in Kimco Realty during the second quarter valued at approximately $82,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 3.9%

Kimco Realty stock opened at $23.60 on Friday. The business has a 50-day simple moving average of $23.09 and a two-hundred day simple moving average of $24.00. The company has a market cap of $15.83 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.64 and a beta of 0.94. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. 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 issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.26. The firm had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were issued a dividend of $0.28 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 4th. Kimco Realty’s dividend payout ratio is currently 131.76%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KIM shares. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Morgan Stanley lifted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. The Goldman Sachs Group set a $24.00 target price on shares of Kimco Realty in a research note on Wednesday, October 7th. Wells Fargo & Company increased their price target on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.88.

Kimco Realty Profile

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.