Robeco Institutional Asset Management B.V. Grows Position in Kimco Realty Corporation $KIM

Robeco Institutional Asset Management B.V. increased its position in Kimco Realty Corporation (NYSE:KIM) by 72.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,697,289 shares of the real estate investment trust’s stock after purchasing an additional 710,741 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kimco Realty were worth $37,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Kimco Realty during the 2nd quarter valued at $175,963,000. Balyasny Asset Management L.P. purchased a new position in Kimco Realty during the 2nd quarter valued at about $33,075,000. Hudson Bay Capital Management LP bought a new stake in Kimco Realty during the second quarter worth about $24,046,000. Federated Hermes Inc. boosted its stake in Kimco Realty by 15.5% during the second quarter. Federated Hermes Inc. now owns 8,369,774 shares of the real estate investment trust’s stock worth $175,933,000 after acquiring an additional 1,124,125 shares in the last quarter. Finally, State Street Corp grew its holdings in Kimco Realty by 2.2% in the second quarter. State Street Corp now owns 46,347,837 shares of the real estate investment trust’s stock worth $974,232,000 after purchasing an additional 995,352 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the topic of a number of analyst reports. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Argus reissued a “buy” rating and issued a $27.00 target price on shares of Kimco Realty in a research note on Monday, December 1st. Scotiabank lowered their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Citigroup dropped their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Barclays raised their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus target price of $24.21.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $20.31 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The business has a 50-day simple moving average of $20.33 and a two-hundred day simple moving average of $21.21. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $23.65.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The company had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. Kimco Realty’s dividend payout ratio is presently 125.30%.

Kimco Realty 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.