Centersquare Investment Management LLC Acquires 970,276 Shares of Kimco Realty Corporation $KIM

Centersquare Investment Management LLC boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,905,449 shares of the real estate investment trust’s stock after purchasing an additional 970,276 shares during the quarter. Kimco Realty comprises approximately 2.6% of Centersquare Investment Management LLC’s holdings, making the stock its 12th largest position. Centersquare Investment Management LLC’s holdings in Kimco Realty were worth $261,593,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its stake in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the period. Brown Lisle Cummings Inc. boosted its stake in Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 840 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the 2nd quarter valued at approximately $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty during the 2nd quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC boosted its stake in Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,166 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.6%

Kimco Realty stock opened at $25.77 on Friday. The business has a 50 day moving average price of $23.70 and a two-hundred day moving average price of $22.26. 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 stock has a market cap of $17.38 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.91 and a beta of 0.96. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.04.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.0%. Kimco Realty’s dividend payout ratio is 120.93%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KIM. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Barclays increased their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $25.00 target price on Kimco Realty in a research note on Friday, February 13th. Piper Sandler increased their target price on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and an average price target of $25.33.

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.