Fulton Bank N.A. Makes New Investment in Kimco Realty Corporation $KIM

Fulton Bank N.A. acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,037 shares of the real estate investment trust’s stock, valued at approximately $1,394,000.

A number of other large investors have also made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in shares of Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 503 shares during the period. Parallel Advisors LLC grew its position in Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC increased its stake in Kimco Realty by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 530 shares during the period. Norinchukin Bank The increased its stake in Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 603 shares during the period. Finally, Allworth Financial LP increased its stake in Kimco Realty by 17.5% during the third quarter. Allworth Financial LP now owns 4,135 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on KIM shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a research report on Monday. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays boosted their price objective on 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 target price on Kimco Realty in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.71.

Kimco Realty Stock Performance

NYSE:KIM opened at $25.30 on Friday. The firm has a market capitalization of $17.06 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.08. The firm has a 50-day moving average price of $24.30 and a 200 day moving average price of $22.78.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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

Kimco Realty 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.