Kimco Realty (NYSE:KIM) Sees Large Volume Increase – Here’s What Happened

Kimco Realty Corporation (NYSE:KIM) saw unusually-strong trading volume on Thursday . Approximately 5,405,954 shares changed hands during trading, an increase of 2% from the previous session’s volume of 5,287,679 shares.The stock last traded at $25.8510 and had previously closed at $25.38.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KIM shares. Piper Sandler boosted their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial boosted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a research note on Friday, February 13th. Barclays boosted 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, Wells Fargo & Company upped their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Stock Performance

The company has a market cap of $17.44 billion, a PE ratio of 30.03, a PEG ratio of 2.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The firm’s 50 day moving average is $23.63 and its 200-day moving average is $22.23.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the prior year, the company earned $0.44 EPS. Kimco Realty’s revenue 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. On average, research analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio is 120.93%.

Institutional Trading of Kimco Realty

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Kimco Realty by 2.2% in the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after buying an additional 1,034,573 shares during the period. Geode Capital Management LLC grew its stake in shares of Kimco Realty by 1.2% in the 4th 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 buying an additional 223,936 shares during the period. Invesco Ltd. grew its stake in shares of 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 period. Centersquare Investment Management LLC grew its stake in shares of Kimco Realty by 8.1% in the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock valued at $261,593,000 after buying an additional 970,276 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Kimco Realty by 0.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after buying an additional 63,054 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.