VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position in Kimco Realty Corporation $KIM

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Kimco Realty Corporation (NYSE:KIM) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,499,653 shares of the real estate investment trust’s stock after acquiring an additional 358,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kimco Realty were worth $30,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC bought a new stake in Kimco Realty during the third quarter valued at approximately $27,000. Brown Lisle Cummings Inc. increased its stake in Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty during the second quarter worth about $37,000. MUFG Securities EMEA plc bought a new stake in shares of Kimco Realty during the second quarter valued at approximately $42,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Kimco Realty by 39.5% during the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 728 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on KIM shares. Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Barclays raised their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research note on Friday, February 13th. Finally, Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty has an average rating of “Hold” and an average price target of $24.93.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $23.09 on Thursday. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $24.31. The company has a market cap of $15.57 billion, a PE ratio of 26.84, a P/E/G ratio of 1.28 and a beta of 0.97. 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 business has a 50-day simple moving average of $23.18 and a two-hundred day simple moving average of $21.76.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.5%. Kimco Realty’s dividend payout ratio is presently 120.93%.

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.