WINTON GROUP Ltd Acquires Shares of 26,057 Kimco Realty Corporation $KIM

WINTON GROUP Ltd acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 26,057 shares of the real estate investment trust’s stock, valued at approximately $528,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Kimco Realty by 18.7% during the 4th quarter. Parallel Advisors LLC now owns 6,144 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 968 shares during the period. CIBC Asset Management Inc increased its position in Kimco Realty by 69.1% during the 4th quarter. CIBC Asset Management Inc now owns 159,720 shares of the real estate investment trust’s stock valued at $3,238,000 after purchasing an additional 65,265 shares during the period. Bank of New York Mellon Corp increased its position in Kimco Realty by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,958,282 shares of the real estate investment trust’s stock valued at $120,774,000 after purchasing an additional 298,992 shares during the period. Goldman Sachs Group Inc. increased its position in Kimco Realty by 2.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,502,974 shares of the real estate investment trust’s stock valued at $111,545,000 after purchasing an additional 121,409 shares during the period. Finally, One Capital Management LLC purchased a new position in Kimco Realty during the 4th quarter valued at $3,852,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KIM shares. Scotiabank boosted 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 report on Tuesday, May 19th. Truist Financial boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Morgan Stanley boosted their price objective on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.14.

Kimco Realty Stock Performance

Shares of KIM stock opened at $25.44 on Thursday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $25.71. The stock has a market cap of $17.15 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.96. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average price is $23.63 and its 200-day moving average price is $22.23.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm 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 business posted $0.44 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company 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 dividend on an annualized basis and a yield of 4.1%. Kimco Realty’s payout ratio is presently 120.93%.

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.