ING Groep NV Has $1.77 Million Holdings in Kimco Realty Corporation $KIM

ING Groep NV boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 690.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,517 shares of the real estate investment trust’s stock after acquiring an additional 76,441 shares during the quarter. ING Groep NV’s holdings in Kimco Realty were worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KIM. Norges Bank acquired a new stake in Kimco Realty during the 4th quarter worth about $215,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after buying an additional 5,322,009 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after buying an additional 2,403,585 shares during the last quarter. Barclays PLC lifted its holdings in shares of Kimco Realty by 113.0% during the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock valued at $69,612,000 after buying an additional 1,690,137 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Kimco Realty by 762.6% during the 3rd quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust’s stock valued at $41,518,000 after buying an additional 1,679,852 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 3.9%

Shares of KIM stock opened at $25.18 on Wednesday. The stock’s 50 day simple moving average is $23.57 and its 200 day simple moving average is $22.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $25.29. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.78 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last issued 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 business had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period last year, the business earned $0.44 EPS. The firm’s 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. As a group, research analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KIM. JPMorgan Chase & Co. lifted their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Piper Sandler lifted their price target on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Barclays lifted their price target on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Evercore set a $25.00 price target on Kimco Realty in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.