NEOS Investment Management LLC Boosts Stock Position in Kimco Realty Corporation $KIM

NEOS Investment Management LLC grew its position in Kimco Realty Corporation (NYSE:KIM) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 253,447 shares of the real estate investment trust’s stock after purchasing an additional 23,703 shares during the period. NEOS Investment Management LLC’s holdings in Kimco Realty were worth $6,425,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT boosted its holdings in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Kimco Realty during the 2nd quarter valued at about $37,000. MUFG Securities EMEA plc acquired a new position in shares of Kimco Realty in the 2nd quarter valued at about $42,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Monday, June 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. Scotiabank increased their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. raised their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

Kimco Realty Stock Down 1.3%

KIM stock opened at $23.60 on Friday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $24.90 and a 200-day simple moving average of $24.07. The stock has a market capitalization of $15.83 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.71 and a beta of 0.93.

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

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty’s payout ratio is currently 131.76%.

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.