Kimco Realty Corporation $KIM Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Kimco Realty Corporation (NYSE:KIM) by 76.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,572 shares of the real estate investment trust’s stock after acquiring an additional 41,556 shares during the period. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $1,937,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 503 shares during the period. Parallel Advisors LLC raised its position in shares of Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 520 shares during the period. EPG Wealth Management LLC raised its position in shares of Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 530 shares during the period. Bleakley Financial Group LLC raised its position in shares of Kimco Realty by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 589 shares during the period. Finally, Norinchukin Bank The raised its position in shares of Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after acquiring an additional 603 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, May 1st. Scotiabank boosted their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 24th. Barclays boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of 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, JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.93.

Kimco Realty Stock Up 0.4%

KIM stock opened at $23.18 on Friday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $24.31. The stock has a market capitalization of $15.63 billion, a P/E ratio of 26.95, a P/E/G ratio of 1.25 and a beta of 0.97. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a 50-day simple moving average of $23.17 and a 200-day simple moving average of $21.76.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 120.93%.

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.