Kimco Realty Corporation $KIM Shares Purchased by Vestcor Inc

Vestcor Inc raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 415.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 73,380 shares of the real estate investment trust’s stock after buying an additional 59,154 shares during the quarter. Vestcor Inc’s holdings in Kimco Realty were worth $1,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Norges Bank purchased a new position in shares of Kimco Realty in the 4th quarter worth about $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after purchasing an additional 5,322,009 shares during the period. SG Americas Securities LLC increased its position in Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock worth $49,173,000 after purchasing an additional 2,403,585 shares in the last quarter. Barclays PLC raised its holdings in Kimco Realty by 113.0% in the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock valued at $69,612,000 after buying an additional 1,690,137 shares during the period. Finally, Marshall Wace LLP raised its holdings in Kimco Realty by 762.6% in the third quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust’s stock valued at $41,518,000 after buying an additional 1,679,852 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on KIM shares. Morgan Stanley boosted their price objective on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Evercore set a $25.00 price target on shares of Kimco Realty in a research report on Friday, May 1st. Finally, Robert W. Baird set a $25.00 price target on Kimco Realty in a report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Stock Performance

Shares of KIM stock opened at $24.27 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The company’s fifty day moving average price is $23.47 and its two-hundred day moving average price is $22.12. The firm has a market capitalization of $16.36 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.78 and a beta of 0.96. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $24.62.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.3%. 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.