34,400 Shares in Kimco Realty Corporation $KIM Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,400 shares of the real estate investment trust’s stock, valued at approximately $773,000.

A number of other institutional investors have also modified their holdings of KIM. Vanderbilt University purchased a new stake in Kimco Realty in the 1st quarter worth approximately $1,516,000. Brown Lisle Cummings Inc. raised its holdings in Kimco Realty by 100.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,500 shares during the period. OP Asset Management Ltd purchased a new stake in shares of Kimco Realty in the first quarter valued at approximately $1,563,000. Assenagon Asset Management S.A. lifted its position in shares of Kimco Realty by 11.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,958 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 1,574 shares in the last quarter. Finally, Baker Ellis Asset Management LLC increased its holdings in Kimco Realty by 1.2% in the 1st quarter. Baker Ellis Asset Management LLC now owns 131,120 shares of the real estate investment trust’s stock worth $2,946,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Truist Financial increased their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $25.71.

Kimco Realty Trading Up 1.2%

NYSE:KIM traded up $0.30 during trading hours on Tuesday, hitting $25.36. The company had a trading volume of 79,376 shares, compared to its average volume of 5,389,976. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08. The company has a market cap of $17.10 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.79 and a beta of 0.95. The company has a 50-day moving average of $24.36 and a 200 day moving average of $22.85. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $542.73 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly 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. Sell-side analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio is 120.93%.

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.