Sei Investments Co. Has $72.89 Million Stake in Kimco Realty Corporation $KIM

Sei Investments Co. raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 15.9% in the 1st quarter, HoldingsChannel reports. The firm owned 3,243,855 shares of the real estate investment trust’s stock after purchasing an additional 444,336 shares during the quarter. Sei Investments Co.’s holdings in Kimco Realty were worth $72,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Zions Bancorporation National Association UT raised its stake in shares of Kimco Realty by 270.4% in 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 acquiring an additional 1,049 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Kimco Realty by 127.3% during the fourth 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 last quarter. Root Financial Partners LLC grew its stake in shares of Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a report on Monday, June 29th. Barclays lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group raised Kimco Realty to a “hold” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Trading Up 1.3%

Shares of NYSE KIM opened at $26.09 on Friday. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.45. The firm has a market capitalization of $17.59 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.83 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. The company’s 50 day simple moving average is $24.93 and its 200 day simple moving average is $23.35.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue 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 predict 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. Stockholders of record on Friday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, June 5th. Kimco Realty’s payout ratio is presently 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.