Varma Mutual Pension Insurance Co Takes $14.20 Million Position in Kimco Realty Corporation $KIM

Varma Mutual Pension Insurance Co acquired a new stake in Kimco Realty Corporation (NYSE:KIM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 559,993 shares of the real estate investment trust’s stock, valued at approximately $14,196,000.

Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT boosted its holdings 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 acquiring an additional 1,049 shares during the period. Root Financial Partners LLC increased its stake in 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 worth $32,000 after purchasing an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty during the second quarter worth about $37,000. MUFG Securities EMEA plc acquired a new stake in shares of Kimco Realty during the second quarter worth about $42,000. Finally, Clearstead Advisors LLC lifted its position in shares of Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.0%

Shares of Kimco Realty stock opened at $24.03 on Monday. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The company has a 50 day moving average of $25.12 and a 200 day moving average of $23.94. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $16.12 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.56 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, research analysts forecast that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, September 4th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty’s payout ratio is presently 122.35%.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Wolfe Research upgraded shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. Truist Financial raised their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Raymond James Financial restated a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Finally, Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research report on Thursday, June 11th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

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.