Cibc World Market Inc. Buys Shares of 211,303 Kimco Realty Corporation $KIM

Cibc World Market Inc. acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 211,303 shares of the real estate investment trust’s stock, valued at approximately $5,357,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zions Bancorporation National Association UT grew 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 acquiring an additional 1,049 shares during the period. Root Financial Partners LLC lifted its holdings in 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 acquiring an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the 2nd quarter valued at about $37,000. MUFG Securities EMEA plc bought a new position in shares of Kimco Realty during the 2nd quarter valued at about $42,000. Finally, Clearstead Advisors LLC grew its stake in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.7%

NYSE KIM opened at $24.05 on Wednesday. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The stock has a market cap of $16.14 billion, a PE ratio of 28.30, a PEG ratio of 2.58 and a beta of 0.95. The firm has a 50-day simple moving average of $25.07 and a 200 day simple moving average of $23.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business had revenue of $550.80 million for the quarter, compared to analysts’ expectations of $543.75 million. During the same period in the previous year, the business posted $0.44 earnings per share. 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, research analysts forecast that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KIM shares. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a research report on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore set a $25.00 price objective on Kimco Realty in a research report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. Finally, Scotiabank raised their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.56.

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.