Wolverine Asset Management LLC Acquires New Position in Kimco Realty Corporation $KIM

Wolverine Asset Management LLC acquired a new stake in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,688 shares of the real estate investment trust’s stock, valued at approximately $683,000.

A number of other hedge funds have also recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty in the first quarter valued at about $61,000. Quantbot Technologies LP acquired a new position in Kimco Realty in the second quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC lifted its position in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 1.2%

Shares of KIM opened at $23.82 on Thursday. The stock has a market capitalization of $16.06 billion, a PE ratio of 27.70, a P/E/G ratio of 1.28 and a beta of 0.97. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The company’s 50-day simple moving average is $23.19 and its 200-day simple moving average is $21.71.

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

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio is presently 120.93%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KIM. Evercore set a $25.00 target price on shares of Kimco Realty in a research report on Friday, May 1st. UBS Group decreased their target price on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley upped their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Piper Sandler upped their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Hold” and a consensus target price of $24.71.

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.