UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Kimco Realty Corporation $KIM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 7,715.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,304,565 shares of the real estate investment trust’s stock after acquiring an additional 6,223,902 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kimco Realty were worth $159,821,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KIM. Zions Bancorporation National Association UT increased its stake in 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 purchasing an additional 1,049 shares during the period. Root Financial Partners LLC boosted 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 period. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty during the second quarter valued at $37,000. MUFG Securities EMEA plc bought a new position in shares of Kimco Realty in the second quarter worth about $42,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Kimco Realty by 92.5% in 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 during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KIM shares. JPMorgan Chase & Co. lifted their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research report on Tuesday, August 11th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Monday, June 22nd. Piper Sandler increased their price target on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Scotiabank lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.56.

Kimco Realty Stock Up 1.6%

Shares of Kimco Realty stock opened at $24.10 on Wednesday. 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 cap of $16.17 billion, a P/E ratio of 28.35, a PEG ratio of 2.53 and a beta of 0.94. The firm’s 50 day moving average price is $25.00 and its 200-day moving average price is $24.05. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65.

Kimco Realty (NYSE:KIM) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $0.44 earnings per share. Kimco Realty’s revenue for the quarter was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s payout ratio is 122.35%.

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.