SG Americas Securities LLC Has $96.82 Million Stock Position in Kimco Realty Corporation $KIM

SG Americas Securities LLC grew its stake in Kimco Realty Corporation (NYSE:KIM) by 77.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,308,961 shares of the real estate investment trust’s stock after purchasing an additional 1,883,072 shares during the period. SG Americas Securities LLC’s holdings in Kimco Realty were worth $96,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Zions Bancorporation National Association UT lifted its position in shares of Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,049 shares during the period. Brown Lisle Cummings Inc. grew its position 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 bought a new stake in Kimco Realty in the second quarter valued at $37,000. MUFG Securities EMEA plc acquired a new position in Kimco Realty during the second quarter worth $42,000. Finally, Clearstead Advisors LLC raised its stake in Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,166 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.1%

KIM stock opened at $24.40 on Monday. The business has a fifty day moving average price of $23.98 and a 200 day moving average price of $22.45. 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 fifty-two week low of $19.76 and a fifty-two week high of $26.08. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.79 and a beta of 0.96.

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

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

Analysts Set New Price Targets

Several brokerages have recently commented on KIM. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Finally, Barclays boosted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.33.

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.