Legal & General Group Plc Makes New Investment in Kimco Realty Corporation $KIM

Legal & General Group Plc bought a new position in Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,164,998 shares of the real estate investment trust’s stock, valued at approximately $156,283,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Kimco Realty in the 2nd quarter valued at approximately $1,895,765,000. State Street Corp lifted its position in shares of Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock worth $1,035,306,000 after acquiring an additional 1,034,573 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after acquiring an additional 223,936 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Kimco Realty by 34.9% in the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after acquiring an additional 4,399,959 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Kimco Realty by 8.1% in the fourth quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after acquiring an additional 970,276 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KIM. JPMorgan Chase & Co. boosted their price objective on Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Barclays upped their price target on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $28.00 price objective on shares of Kimco Realty in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Kimco Realty in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned 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 a consensus price target of $26.56.

Kimco Realty Price Performance

NYSE:KIM opened at $23.86 on Friday. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The stock has a fifty day moving average of $25.05 and a 200 day moving average of $24.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.56 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping 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 analyst estimates of $543.75 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, research analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed 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%. 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 131.76%.

Key Headlines Impacting Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: JPMorgan expects upside: A JPMorgan Chase analyst said Kimco Realty’s stock price is expected to rise, adding a bullish signal for the shopping-center REIT. Kimco Realty Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says
• Positive Sentiment: New $26 price target: Kimco shares gained following coverage highlighting a fresh $26 price target and steady second-quarter performance, suggesting analysts see additional value above recent trading levels. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
• Positive Sentiment: Near-term and longer-term estimates improved: Zacks Research raised its forecasts for third-quarter 2026 EPS to $0.46 from $0.45, fourth-quarter EPS to $0.46 from $0.45, and full-year 2026 EPS to $1.84 from $1.81. It also lifted its Q2 2027 estimate to $0.48, Q2 2028 to $0.49, and FY2028 to $1.94 from $1.93, indicating modestly better expected operating performance.
• Neutral Sentiment: Forecasts remain close to consensus: Zacks’ $1.84 full-year 2026 estimate matches the current consensus, so the upgrades may already be reflected in expectations rather than representing a major earnings surprise.
• Negative Sentiment: Some estimates were trimmed: Zacks reduced its FY2027 EPS forecast to $1.87 from $1.88 and Q1 2028 EPS to $0.48 from $0.49. The small cuts introduce a modest counterpoint to the broader estimate revisions.

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.