Nomura Asset Management Co. Ltd. Grows Stock Holdings in Kimco Realty Corporation $KIM

Nomura Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,234,823 shares of the real estate investment trust’s stock after buying an additional 33,801 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Kimco Realty were worth $25,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Brown Lisle Cummings Inc. raised its position in shares of Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the second quarter worth about $37,000. MUFG Securities EMEA plc purchased a new position in Kimco Realty in the second quarter worth about $42,000. Clearstead Advisors LLC increased its stake in 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 acquiring an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in Kimco Realty by 39.5% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 728 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of recent research reports. Piper Sandler lifted their target price on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Barclays boosted their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley raised their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.14.

Kimco Realty Stock Down 1.7%

NYSE:KIM opened at $23.68 on Tuesday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $24.62. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $23.35 and a 200-day simple moving average of $22.02.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same quarter last year, the firm posted $0.44 EPS. The firm’s 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. Analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

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.