Raleigh Capital Management Inc. Invests $1.29 Million in Kimco Realty Corporation $KIM

Raleigh Capital Management Inc. purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, Holdings Channel.com reports. The fund purchased 57,539 shares of the real estate investment trust’s stock, valued at approximately $1,293,000.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock worth $137,756,000 after buying an additional 5,322,009 shares in the last quarter. Invesco Ltd. boosted its position in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock valued at $344,933,000 after buying an additional 4,399,959 shares during the last quarter. SG Americas Securities LLC boosted its position in Kimco Realty by 10,776.5% in the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after buying an additional 2,403,585 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Kimco Realty by 200.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,574,515 shares of the real estate investment trust’s stock valued at $72,455,000 after buying an additional 2,383,236 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KIM. Morgan Stanley lifted their target price on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Barclays raised their price target on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Evercore set a $25.00 price objective on Kimco Realty in a research report on Friday, May 1st. Finally, Scotiabank boosted their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $25.30 on Friday. The firm has a fifty day moving average of $24.34 and a two-hundred day moving average of $22.80. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.79 and a beta of 0.95. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.08. 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 results 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. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’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. As a group, equities research analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid 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 is presently 120.93%.

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.