iA Global Asset Management Inc. Makes New $1.14 Million Investment in Kimco Realty Corporation $KIM

iA Global Asset Management Inc. acquired a new position in Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,681 shares of the real estate investment trust’s stock, valued at approximately $1,139,000.

A number of other large investors have also recently made changes to their positions in the stock. 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 worth $16,044,000 after buying an additional 773,780 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new position in Kimco Realty during the third quarter valued at $14,921,000. Runnymede Capital Advisors Inc. purchased a new position in Kimco Realty during the fourth quarter valued at $900,000. Geode Capital Management LLC increased its holdings in Kimco Realty by 1.2% in 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 during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in Kimco Realty in the 3rd quarter valued at $4,511,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KIM has been the topic of a number of research analyst reports. Evercore set a $25.00 target price on Kimco Realty in a research report on Friday, May 1st. Morgan Stanley upped their price objective on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Monday, June 22nd. JPMorgan Chase & Co. increased their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Stock Performance

NYSE KIM opened at $25.30 on Friday. The business’s 50 day moving average price is $24.30 and its 200-day moving average price is $22.78. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.08. The company has a market cap of $17.06 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

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

Kimco Realty Announces Dividend

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

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.