Wealth Alliance LLC Buys New Holdings in Kimco Realty Corporation $KIM

Wealth Alliance LLC bought a new position in Kimco Realty Corporation (NYSE:KIM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,485 shares of the real estate investment trust’s stock, valued at approximately $797,000.

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp raised its holdings in shares of Kimco Realty by 4,368.2% in the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after buying an additional 773,780 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in Kimco Realty in the 4th quarter valued at $900,000. Geode Capital Management LLC grew its position in Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the period. Strs Ohio grew its position in Kimco Realty by 566.3% in the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after acquiring an additional 613,876 shares during the period. Finally, Legal & General Group Plc raised its stake in Kimco Realty by 7.5% during the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after acquiring an additional 443,046 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM stock opened at $26.09 on Friday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.45. The stock has a 50-day moving average price of $24.93 and a 200 day moving average price of $23.35. 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 firm has a market cap of $17.59 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.87 and a beta of 0.95.

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, topping 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 business had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the firm posted $0.44 earnings per share. Kimco Realty’s revenue for the quarter 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. Research analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

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

Analysts Set New Price Targets

KIM has been the subject of a number of analyst reports. UBS Group lifted their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday, May 1st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. Finally, Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.12.

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.