Fairtree Asset Management Pty Ltd Invests $860,000 in Kimco Realty Corporation $KIM

Fairtree Asset Management Pty Ltd acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,937 shares of the real estate investment trust’s stock, valued at approximately $860,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp increased its holdings in 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 valued at $16,044,000 after purchasing an additional 773,780 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after purchasing an additional 223,936 shares in the last quarter. Legal & General Group Plc lifted 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 purchasing an additional 443,046 shares in the last quarter. Strs Ohio boosted its position in shares of Kimco Realty by 566.3% during the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after buying an additional 613,876 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Kimco Realty by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after buying an additional 48,672 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KIM. Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a report on Thursday, June 11th. Scotiabank raised their target price on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Barclays increased their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Citigroup raised their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $24.17 on Friday. The stock’s 50-day moving average is $25.15 and its two-hundred day moving average is $23.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The company had revenue of $550.80 million for the quarter, compared to analyst estimates of $543.75 million. During the same quarter last year, the company earned $0.44 EPS. Kimco Realty’s revenue for the quarter was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts forecast that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.28 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, September 4th. Kimco Realty’s payout ratio is presently 122.35%.

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.