Public Employees Retirement System of Ohio Has $22.04 Million Stock Holdings in Kimco Realty Corporation $KIM

Public Employees Retirement System of Ohio trimmed its holdings in Kimco Realty Corporation (NYSE:KIM) by 14.2% during the first quarter, Holdings Channel reports. The institutional investor owned 981,026 shares of the real estate investment trust’s stock after selling 162,648 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kimco Realty were worth $22,044,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Compound Planning Inc. increased its position in shares of Kimco Realty by 34.2% during the first quarter. Compound Planning Inc. now owns 20,151 shares of the real estate investment trust’s stock worth $453,000 after acquiring an additional 5,139 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Kimco Realty by 24.7% in the first quarter. Bank of Nova Scotia now owns 134,275 shares of the real estate investment trust’s stock worth $3,017,000 after purchasing an additional 26,564 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Kimco Realty by 15.9% in the first quarter. Sei Investments Co. now owns 3,243,855 shares of the real estate investment trust’s stock valued at $72,889,000 after purchasing an additional 444,336 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Kimco Realty by 8.2% in the first quarter. Lido Advisors LLC now owns 21,136 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Kimco Realty by 144.4% in the first quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock valued at $4,442,000 after purchasing an additional 116,811 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday. Piper Sandler raised their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial lifted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Evercore set a $25.00 target price on shares of Kimco Realty in a report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Stock Performance

KIM stock opened at $26.09 on Friday. The firm has a market cap of $17.59 billion, a PE ratio of 30.33, a P/E/G ratio of 2.87 and a beta of 0.95. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $24.93 and a 200-day moving average of $23.35. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.45.

Kimco Realty (NYSE:KIM) last issued its quarterly 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. The company 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%.Kimco Realty’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, sell-side analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

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