Sanctuary Advisors LLC Acquires 134,061 Shares of Kimco Realty Corporation $KIM

Sanctuary Advisors LLC increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 324.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,318 shares of the real estate investment trust’s stock after buying an additional 134,061 shares during the period. Sanctuary Advisors LLC’s holdings in Kimco Realty were worth $3,939,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Zions Bancorporation National Association UT grew its holdings in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares during the period. Brown Lisle Cummings Inc. lifted its stake in shares of 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 valued at $30,000 after purchasing an additional 840 shares during the period. Root Financial Partners LLC lifted its stake in shares of Kimco Realty by 60.7% in the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 546 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the 2nd quarter worth $37,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Kimco Realty in the 2nd quarter worth $42,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

KIM opened at $26.15 on Monday. The stock has a market cap of $17.63 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.88 and a beta of 0.95. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.45. 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 company has a fifty day simple moving average of $24.65 and a 200 day simple moving average of $23.17.

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

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analysts Set New Price Targets

KIM has been the subject of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Barclays boosted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Evercore set a $25.00 price target on Kimco Realty in a research note on Friday, May 1st. Truist Financial increased their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Finally, Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.88.

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.