31,464 Shares in Kimco Realty Corporation $KIM Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the first quarter, Holdings Channel.com reports. The firm acquired 31,464 shares of the real estate investment trust’s stock, valued at approximately $705,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT increased its stake in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in Kimco Realty by 127.3% in 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 buying an additional 840 shares in the last quarter. Root Financial Partners LLC boosted its holdings in Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the 2nd quarter worth about $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the 2nd quarter worth approximately $42,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial increased their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday, June 11th. Finally, Barclays raised their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.88.

Kimco Realty Stock Performance

Kimco Realty stock opened at $25.08 on Thursday. The firm has a 50 day simple moving average of $24.55 and a 200-day simple moving average of $23.08. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.08.

Kimco Realty (NYSE:KIM) last released 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. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

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

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.