Vanderbilt University Makes New $1.52 Million Investment in Kimco Realty Corporation $KIM

Vanderbilt University purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the first quarter, Holdings Channel.com reports. The firm purchased 67,486 shares of the real estate investment trust’s stock, valued at approximately $1,516,000.

Several other large investors have also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Kimco Realty by 2.2% in the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after acquiring an additional 1,034,573 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 1.2% during the 4th 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 purchasing an additional 223,936 shares during the last quarter. Invesco Ltd. grew its holdings 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 valued at $344,933,000 after purchasing an additional 4,399,959 shares during the last quarter. Centersquare Investment Management LLC raised its position in Kimco Realty by 8.1% in 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 purchasing an additional 970,276 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Kimco Realty by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after purchasing an additional 63,054 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a research report on Thursday, June 11th. Scotiabank lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Finally, Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.50.

Kimco Realty Stock Up 0.9%

Shares of NYSE KIM opened at $25.42 on Thursday. The firm’s fifty day moving average is $24.10 and its 200 day moving average is $22.55. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.08. 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 market cap of $17.14 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.77 and a beta of 0.96.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 120.93%.

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.