Meeder Advisory Services Inc. Makes New $744,000 Investment in Kimco Realty Corporation $KIM

Meeder Advisory Services Inc. acquired a new position in Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,339 shares of the real estate investment trust’s stock, valued at approximately $744,000.

Several other large investors have also recently bought and sold shares of KIM. BlackRock Inc. bought a new stake in shares of Kimco Realty during the second quarter worth $1,895,765,000. State Street Corp boosted its holdings in Kimco Realty by 2.2% in the third 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 acquiring an additional 1,034,573 shares during the last quarter. Geode Capital Management LLC increased 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 worth $386,617,000 after purchasing an additional 223,936 shares during the period. Invesco Ltd. increased its position in Kimco Realty by 34.9% in the fourth quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after purchasing an additional 4,399,959 shares during the period. Finally, Centersquare Investment Management LLC raised its holdings in Kimco Realty by 8.1% during the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after purchasing an additional 970,276 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on KIM shares. Piper Sandler increased their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a report on Tuesday, August 11th. UBS Group upped their target price on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Raymond James Financial reissued a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Finally, Wells Fargo & Company raised their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Performance

Shares of KIM stock opened at $24.17 on Friday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The company’s fifty day simple moving average is $25.15 and its 200-day simple moving average is $23.92. The firm has a market cap of $16.21 billion, a PE ratio of 28.44, a P/E/G ratio of 2.59 and a beta of 0.95. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84.

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

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 4.6%. Kimco Realty’s payout ratio is currently 122.35%.

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.