Janney Montgomery Scott LLC Raises Stake in Kimco Realty Corporation $KIM

Janney Montgomery Scott LLC increased its position in Kimco Realty Corporation (NYSE:KIM) by 23.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 161,331 shares of the real estate investment trust’s stock after acquiring an additional 30,239 shares during the period. Janney Montgomery Scott LLC’s holdings in Kimco Realty were worth $3,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Kimco Realty during the first quarter worth $61,000. Quantbot Technologies LP acquired a new stake in shares of Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.6%

Shares of KIM traded up $0.41 during trading hours on Tuesday, hitting $25.46. The stock had a trading volume of 164,470 shares, compared to its average volume of 5,390,131. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a market cap of $17.17 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.79 and a beta of 0.95. The company’s fifty day simple moving average is $24.36 and its 200 day simple moving average is $22.85. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.08.

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

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Analyst Upgrades and Downgrades

KIM has been the subject of several analyst reports. Truist Financial upped their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Scotiabank upped their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Wolfe Research upgraded 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 report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

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.