Saudi Central Bank Has $1.20 Million Position in Kimco Realty Corporation $KIM

Saudi Central Bank raised its position in Kimco Realty Corporation (NYSE:KIM) by 88.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,185 shares of the real estate investment trust’s stock after purchasing an additional 22,189 shares during the period. Saudi Central Bank’s holdings in Kimco Realty were worth $1,196,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its position in shares of Kimco Realty by 270.4% in 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 buying an additional 1,049 shares in the last quarter. Root Financial Partners LLC lifted its holdings 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 acquiring an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Kimco Realty during the second quarter worth about $37,000. MUFG Securities EMEA plc acquired a new position in Kimco Realty in the second quarter valued at about $42,000. Finally, Clearstead Advisors LLC grew its stake in 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 valued at $49,000 after acquiring an additional 1,166 shares during the period. 89.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research report on Thursday, June 11th. UBS Group boosted their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Finally, Truist Financial increased their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

Kimco Realty Stock Up 0.6%

Kimco Realty stock opened at $23.75 on Wednesday. The company has a market cap of $15.93 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a fifty day simple moving average of $24.82 and a 200 day simple moving average of $24.09. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM) last issued 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. The firm had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

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

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.