Norges Bank Purchases Shares of 10,637,151 Kimco Realty Corporation $KIM

Norges Bank purchased a new stake in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,637,151 shares of the real estate investment trust’s stock, valued at approximately $215,615,000.

A number of other large investors also recently bought and sold shares of KIM. Brown Lisle Cummings Inc. lifted its holdings in Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Kimco Realty during the 2nd quarter worth approximately $37,000. MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty during the 2nd quarter worth approximately $42,000. Clearstead Advisors LLC raised its stake in shares of Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,166 shares during the period. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Kimco Realty by 39.5% during the 4th quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 728 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Up 0.3%

Shares of KIM opened at $23.72 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $24.62. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.28 and a beta of 0.96. The stock has a 50 day moving average price of $23.35 and a 200 day moving average price of $22.02.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a 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

Several brokerages have recently weighed in on KIM. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley upped their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.14.

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.