NewEdge Wealth LLC Invests $677,000 in Kimco Realty Corporation $KIM

NewEdge Wealth LLC acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,717 shares of the real estate investment trust’s stock, valued at approximately $677,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC lifted its position in Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 520 shares during the last quarter. Root Financial Partners LLC lifted its position in Kimco Realty by 60.7% during 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 acquiring an additional 546 shares during the last quarter. Norinchukin Bank The boosted its stake in Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 603 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Kimco Realty by 13.7% in the first quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 610 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.5%

KIM stock opened at $24.03 on Friday. The stock has a market capitalization of $16.12 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $25.12 and a 200 day moving average of $23.92.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. Kimco Realty’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Sell-side analysts forecast that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on KIM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a research report on Monday, June 29th. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a research note on Thursday, June 11th. Barclays boosted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Piper Sandler upped their target price on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Kimco Realty Company 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.