Kimco Realty Corporation Plans Quarterly Dividend of $0.26 (NYSE:KIM)

Kimco Realty Corporation (NYSE:KIM) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.26 per share by the real estate investment trust on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, March 6th.

Kimco Realty has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Kimco Realty has a dividend payout ratio of 140.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kimco Realty to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 59.1%.

Kimco Realty Trading Up 1.7%

KIM traded up $0.37 during trading hours on Thursday, reaching $22.36. The company’s stock had a trading volume of 7,467,521 shares, compared to its average volume of 5,509,804. The stock has a market cap of $15.14 billion, a PE ratio of 26.94, a P/E/G ratio of 1.21 and a beta of 1.07. Kimco Realty has a fifty-two week low of $17.93 and a fifty-two week high of $22.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.59 and a quick ratio of 3.59. The business’s 50-day moving average is $20.67 and its 200-day moving average is $21.15.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, February 12th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The company had revenue of $542.46 million during the quarter, compared to analysts’ expectations of $539.21 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.800-1.840 EPS. As a group, equities research analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimco Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Kimco Realty in the 4th quarter valued at $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. SG Americas Securities LLC increased its stake in Kimco Realty by 10,776.5% in the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares during the period. Federated Hermes Inc. raised its holdings in shares of Kimco Realty by 27.2% in the third quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after buying an additional 2,280,090 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Kimco Realty by 113.0% during the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock worth $69,612,000 after buying an additional 1,690,137 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.