Readystate Asset Management LP Acquires New Stake in Kimco Realty Corporation $KIM

Readystate Asset Management LP bought a new position in Kimco Realty Corporation (NYSE:KIM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,320 shares of the real estate investment trust’s stock, valued at approximately $591,000.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Kimco Realty in the 2nd quarter worth approximately $1,895,765,000. Norges Bank bought a new stake in Kimco Realty during the fourth quarter valued at approximately $215,615,000. Bank of America Corp DE bought a new stake in Kimco Realty during the second quarter valued at approximately $235,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kimco Realty by 7,715.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust’s stock valued at $159,821,000 after buying an additional 6,223,902 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Kimco Realty during the second quarter valued at approximately $156,283,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

Shares of KIM stock opened at $23.60 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65. The company’s fifty day moving average price is $24.85 and its 200-day moving average price is $24.08. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.71 and a beta of 0.93.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26. The business had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Sell-side analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. Kimco Realty’s payout ratio is 131.76%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KIM. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. Weiss Ratings restated a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, Piper Sandler lifted their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.56.

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.