North Dakota State Investment Board Takes $466,000 Position in Kimco Realty Corporation $KIM

North Dakota State Investment Board bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,986 shares of the real estate investment trust’s stock, valued at approximately $466,000.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after purchasing an additional 1,034,573 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Kimco Realty by 0.5% during the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Kimco Realty by 1.6% during the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Kimco Realty by 27.2% during 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 purchasing an additional 2,280,090 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kimco Realty by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 10,075,563 shares of the real estate investment trust’s stock valued at $220,147,000 after purchasing an additional 51,079 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KIM has been the subject of several recent research reports. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. increased their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Barclays increased their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley increased their price objective on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Finally, Scotiabank increased their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

Kimco Realty Stock Performance

Shares of KIM stock opened at $24.15 on Friday. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $24.31. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The business has a 50 day simple moving average of $23.21 and a 200 day simple moving average of $21.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78.

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

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio is 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.