Eurizon Capital SGR S.p.A. Invests $1.32 Million in Kimco Realty Corporation $KIM

Eurizon Capital SGR S.p.A. bought a new position in Kimco Realty Corporation (NYSE:KIM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 64,813 shares of the real estate investment trust’s stock, valued at approximately $1,315,000.

Several other institutional investors have also 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 worth $1,035,306,000 after acquiring an additional 1,034,573 shares in the last quarter. 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 worth $386,617,000 after acquiring an additional 223,936 shares in the last quarter. 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 worth $266,463,000 after acquiring an additional 63,054 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Kimco Realty by 1.6% in the 3rd quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after acquiring an additional 188,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kimco Realty by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,075,563 shares of the real estate investment trust’s stock worth $220,147,000 after acquiring an additional 51,079 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $23.72 on Wednesday. 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 capitalization of $15.99 billion, a PE ratio of 27.58, a P/E/G ratio of 1.28 and a beta of 0.96. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $24.62. The company has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $22.02.

Kimco Realty (NYSE:KIM) last issued its 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. The firm had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KIM shares. JPMorgan Chase & Co. increased their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Evercore set a $25.00 target price on shares of Kimco Realty in a research note on Friday, May 1st. Morgan Stanley boosted their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Piper Sandler boosted their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.14.

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.