Kelly Lawrence W & Associates Inc. CA Purchases Shares of 27,600 Kimco Realty Corporation $KIM

Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,600 shares of the real estate investment trust’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after buying an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Kimco Realty in the 1st quarter valued at $61,000. Quantbot Technologies LP bought a new position in Kimco Realty during the 2nd quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.9%

KIM opened at $24.24 on Tuesday. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The company’s 50-day moving average price is $25.09 and its two-hundred day moving average price is $23.96. The stock has a market cap of $16.26 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.56 and a beta of 0.95. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. Kimco Realty’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.6%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s dividend payout ratio is currently 131.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. Scotiabank boosted their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Citigroup upped their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Piper Sandler increased their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, UBS Group lifted their target price on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.50.

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.