Kimco Realty Corporation $KIM Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its stake in Kimco Realty Corporation (NYSE:KIM) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,218 shares of the real estate investment trust’s stock after selling 22,263 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Kimco Realty were worth $2,356,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Kimco Realty by 2.2% in the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after purchasing an additional 1,034,573 shares during the period. Daiwa Securities Group Inc. raised its position in Kimco Realty by 0.5% in the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares during the period. Centersquare Investment Management LLC raised its position in Kimco Realty by 1.6% in the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the period. Federated Hermes Inc. raised its position in Kimco Realty by 27.2% in the third quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after purchasing an additional 2,280,090 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Kimco Realty by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 10,075,563 shares of the real estate investment trust’s stock valued at $220,147,000 after purchasing an additional 51,079 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 1.9%

NYSE:KIM opened at $24.58 on Wednesday. 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 Corporation has a one year low of $19.76 and a one year high of $24.59. The business’s 50-day simple moving average is $23.27 and its 200 day simple moving average is $21.92. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’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. As a group, sell-side analysts predict that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.2%. Kimco Realty’s payout ratio is 120.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on KIM shares. Wells Fargo & Company raised their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Robert W. Baird set a $25.00 price objective on Kimco Realty in a research report on Friday, February 13th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Truist Financial raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.00.

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.