Louisiana State Employees Retirement System Invests $773,000 in Kimco Realty Corporation $KIM

Louisiana State Employees Retirement System bought a new stake in Kimco Realty Corporation (NYSE:KIM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,400 shares of the real estate investment trust’s stock, valued at approximately $773,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Kimco Realty in the 4th quarter worth approximately $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kimco Realty by 541.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. Invesco Ltd. increased its holdings in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after purchasing an additional 4,399,959 shares during the last quarter. SG Americas Securities LLC raised its position in Kimco Realty by 10,776.5% in the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Kimco Realty by 200.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,574,515 shares of the real estate investment trust’s stock valued at $72,455,000 after purchasing an additional 2,383,236 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 1.2%

Shares of NYSE KIM traded up $0.30 during midday trading on Tuesday, hitting $25.36. 79,376 shares of the company’s stock were exchanged, compared to its average volume of 5,389,976. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.08. The company has a market cap of $17.10 billion, a PE ratio of 29.48, a P/E/G ratio of 2.79 and a beta of 0.95. The firm’s fifty day simple moving average is $24.36 and its 200-day simple moving average is $22.85.

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

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KIM. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Monday, June 22nd. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a report on Friday, June 26th. Barclays lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Truist Financial boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average target price of $25.71.

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.