KBC Group NV Buys 31,872 Shares of Kimco Realty Corporation $KIM

KBC Group NV increased its stake in Kimco Realty Corporation (NYSE:KIM) by 10.7% during the first quarter, HoldingsChannel reports. The firm owned 331,120 shares of the real estate investment trust’s stock after acquiring an additional 31,872 shares during the period. KBC Group NV’s holdings in Kimco Realty were worth $7,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of KIM. Quadrant Capital Group LLC grew its holdings in Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC increased its position in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares during the last quarter. EPG Wealth Management LLC raised its stake in shares of Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 530 shares during the period. Root Financial Partners LLC raised its stake in shares of Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares during the period. Finally, Norinchukin Bank The lifted its position in shares of Kimco Realty by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 603 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Kimco Realty stock opened at $26.14 on Thursday. The firm has a market capitalization of $17.63 billion, a P/E ratio of 30.40, a PEG ratio of 2.87 and a beta of 0.95. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The business has a fifty day moving average price of $24.81 and a 200-day moving average price of $23.29.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the prior year, the firm 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 forecast that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Analysts Set New Price Targets

KIM has been the subject of several research reports. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Piper Sandler upped their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. One 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. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus target price of $26.06.

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.