3,386,553 Shares in Kimco Realty Corporation $KIM Bought by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, HoldingsChannel reports. The fund bought 3,386,553 shares of the real estate investment trust’s stock, valued at approximately $85,849,000.

A number of other hedge funds have also added to or reduced their stakes in KIM. M&T Bank Corp lifted its holdings in shares of Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after purchasing an additional 773,780 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares in the last quarter. Legal & General Group Plc boosted its holdings in Kimco Realty by 7.5% during the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after acquiring an additional 443,046 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Kimco Realty by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after acquiring an additional 48,672 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after acquiring an additional 613,876 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the subject of several analyst reports. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a report on Thursday, June 11th. Wells Fargo & Company upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Raymond James Financial restated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Finally, Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Kimco Realty Stock Down 0.6%

Shares of NYSE:KIM opened at $24.17 on Friday. The firm has a fifty day moving average price of $25.15 and a two-hundred day moving average price of $23.92. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.59 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is 122.35%.

Kimco Realty Company 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.