Twin Tree Management LP Acquires New Stake in Kimco Realty Corporation $KIM

Twin Tree Management LP acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, Holdings Channel reports. The firm acquired 84,643 shares of the real estate investment trust’s stock, valued at approximately $2,146,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KIM. BlackRock Inc. bought a new position in Kimco Realty during the 2nd quarter valued at $1,895,765,000. State Street Corp raised its stake in shares of Kimco Realty by 2.2% in the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after buying an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after buying an additional 223,936 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Kimco Realty by 34.9% in the fourth 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 during the period. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 8.1% in the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after buying an additional 970,276 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $24.03 on Friday. The company has a market capitalization of $16.12 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a fifty day moving average of $25.12 and a 200-day moving average of $23.92. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65.

Kimco Realty (NYSE:KIM) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company’s quarterly revenue 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. As a group, equities analysts anticipate that Kimco Realty Corporation will post 1.84 EPS 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 paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is 122.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KIM. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. Truist Financial raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, UBS Group lifted their price objective on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. One 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.