Goldman Sachs Group Inc. Purchases 121,409 Shares of Kimco Realty Corporation $KIM

Goldman Sachs Group Inc. boosted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,502,974 shares of the real estate investment trust’s stock after acquiring an additional 121,409 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Kimco Realty were worth $111,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. Brown Lisle Cummings Inc. raised its holdings in Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the 2nd quarter valued at $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty during the 2nd quarter valued at $42,000. Clearstead Advisors LLC raised its holdings in Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in Kimco Realty by 39.5% during the 4th quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 728 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, February 13th. Barclays boosted their price objective 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. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Scotiabank boosted their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Stock Up 0.1%

NYSE:KIM opened at $24.26 on Tuesday. The firm’s 50-day moving average price is $23.51 and its 200-day moving average price is $22.15. The company has a market capitalization of $16.36 billion, a PE ratio of 28.20, a P/E/G ratio of 2.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.62.

Kimco Realty (NYSE:KIM) last released 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 for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. Kimco Realty’s dividend payout ratio is currently 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.