Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires New Position in Kimco Realty Corporation $KIM

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Kimco Realty Corporation (NYSE:KIM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 164,308 shares of the real estate investment trust’s stock, valued at approximately $3,331,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Kimco Realty by 2.2% in the 3rd 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. Geode Capital Management LLC raised its position in shares of Kimco Realty by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after purchasing an additional 223,936 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Kimco Realty by 0.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock worth $266,463,000 after buying an additional 63,054 shares during the last quarter. Centersquare Investment Management LLC raised its position in Kimco Realty by 1.6% during the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after buying an additional 188,261 shares during the last quarter. Finally, Norges Bank purchased a new position in Kimco Realty during the 4th quarter worth approximately $215,615,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.1%

Shares of KIM opened at $24.26 on Tuesday. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $24.62. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $23.51 and its two-hundred day moving average is $22.15. The stock has a market cap of $16.36 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the previous year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share 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. Stockholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KIM shares. Wells Fargo & Company raised their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Scotiabank raised their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Truist Financial raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.14.

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.