Strs Ohio Grows Holdings in Kimco Realty Corporation $KIM

Strs Ohio raised its position in Kimco Realty Corporation (NYSE:KIM) by 566.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 722,282 shares of the real estate investment trust’s stock after purchasing an additional 613,876 shares during the period. Strs Ohio’s holdings in Kimco Realty were worth $16,230,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake 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 buying an additional 1,034,573 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kimco Realty by 1.2% during 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 acquiring an additional 223,936 shares during the last quarter. Invesco Ltd. lifted its holdings in Kimco Realty by 34.9% during the fourth 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. Centersquare Investment Management LLC boosted its position in Kimco Realty by 8.1% in the fourth 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 last quarter. Finally, Daiwa Securities Group Inc. grew its stake 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 valued at $266,463,000 after purchasing an additional 63,054 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $25.30 on Friday. 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 firm has a market capitalization of $17.06 billion, a PE ratio of 29.42, a P/E/G ratio of 2.79 and a beta of 0.95. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.08. The company has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $22.80.

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

Kimco Realty Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KIM shares. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley increased their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Truist Financial upped their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $25.71.

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.