New York State Teachers Retirement System Boosts Stock Position in Kimco Realty Corporation $KIM

New York State Teachers Retirement System raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 9.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 675,199 shares of the real estate investment trust’s stock after acquiring an additional 55,486 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Kimco Realty worth $15,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp increased its stake in Kimco Realty by 4,368.2% in the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after buying an additional 773,780 shares during the period. Kettle Hill Capital Management LLC purchased a new stake in Kimco Realty in the 3rd quarter valued at about $14,921,000. Runnymede Capital Advisors Inc. bought a new position in Kimco Realty in the 4th quarter worth about $900,000. Geode Capital Management LLC increased its position in shares of Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after acquiring an additional 223,936 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of Kimco Realty during the third quarter worth approximately $4,511,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $25.30 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The firm’s 50 day moving average price is $24.34 and its 200-day moving average price is $22.80. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.08. The company has a market cap of $17.06 billion, a PE ratio of 29.42, a P/E/G ratio of 2.79 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Kimco Realty’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. Sell-side analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s payout ratio is 120.93%.

Analysts Set New Price Targets

KIM has been the subject of a number of research reports. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Raymond James Financial restated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Monday, June 22nd. Finally, Wells Fargo & Company increased their price target on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.71.

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.