Korea Investment CORP Makes New Investment in Kimco Realty Corporation $KIM

Korea Investment CORP acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,295,340 shares of the real estate investment trust’s stock, valued at approximately $32,837,000. Korea Investment CORP owned 0.19% of Kimco Realty at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT boosted its holdings in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares in the last quarter. Root Financial Partners LLC increased its holdings in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the second quarter valued at $37,000. MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty in the second quarter worth about $42,000. Finally, Clearstead Advisors LLC raised its position in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,166 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.5%

Shares of Kimco Realty stock opened at $24.03 on Friday. The firm has a market capitalization of $16.12 billion, a PE ratio of 28.27, a P/E/G ratio of 2.56 and a beta of 0.95. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The firm’s 50-day moving average price is $25.12 and its 200 day moving average price is $23.92. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. During the same period in the previous year, the business earned $0.44 EPS. Kimco Realty’s quarterly revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. Kimco Realty’s dividend payout ratio (DPR) is presently 122.35%.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of analyst reports. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research report on Thursday, June 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research report on Monday, June 29th. Finally, UBS Group lifted their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.50.

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.