Reflection Asset Management Invests $1.18 Million in Kimco Realty Corporation $KIM

Reflection Asset Management purchased a new stake in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,395 shares of the real estate investment trust’s stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Kimco Realty by 76.9% during the fourth quarter. Pacer Advisors Inc. now owns 95,572 shares of the real estate investment trust’s stock worth $1,937,000 after buying an additional 41,556 shares in the last quarter. Compound Planning Inc. grew its holdings in Kimco Realty by 8.5% in the 4th quarter. Compound Planning Inc. now owns 15,012 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 1,180 shares in the last quarter. Invesco Ltd. grew its holdings in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Kimco Realty by 6.1% in the 4th quarter. Corient Private Wealth LLC now owns 43,305 shares of the real estate investment trust’s stock worth $874,000 after acquiring an additional 2,495 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its stake in shares of Kimco Realty by 5.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 987,797 shares of the real estate investment trust’s stock worth $20,823,000 after acquiring an additional 50,779 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KIM. JPMorgan Chase & Co. lifted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Morgan Stanley increased their price target on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Scotiabank lifted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and an average price target of $25.33.

Kimco Realty Stock Up 0.1%

Shares of NYSE:KIM opened at $24.40 on Friday. 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 firm has a market capitalization of $16.46 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.96. The firm’s 50-day moving average is $23.98 and its two-hundred day moving average is $22.43. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (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 business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

About Kimco Realty

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.