Norges Bank Buys Shares of 10,637,151 Kimco Realty Corporation $KIM

Norges Bank bought a new stake in Kimco Realty Corporation (NYSE:KIM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,637,151 shares of the real estate investment trust’s stock, valued at approximately $215,615,000. Norges Bank owned about 1.57% of Kimco Realty at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Brown Lisle Cummings Inc. grew its stake in Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Kimco Realty in the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new position in Kimco Realty in the second quarter valued at about $42,000. Clearstead Advisors LLC grew its stake in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its stake in Kimco Realty by 39.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Piper Sandler boosted their price target on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Scotiabank boosted their price target on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Finally, Truist Financial boosted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Trading Up 0.3%

Kimco Realty stock 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. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $24.62. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. The stock has a 50-day moving average price of $23.35 and a 200 day moving average price of $22.02.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 firm had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’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. Sell-side analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. 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 4.4%. Kimco Realty’s payout ratio is 120.93%.

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.