United Capital Financial Advisors LLC Invests $1.20 Million in Kimco Realty Corporation $KIM

United Capital Financial Advisors LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,164 shares of the real estate investment trust’s stock, valued at approximately $1,196,000.

A number of other hedge funds have also added to or reduced their stakes in KIM. BlackRock Inc. bought a new position in Kimco Realty in the second quarter valued at about $1,895,765,000. State Street Corp grew its stake in shares of Kimco Realty by 2.2% during the 3rd quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after acquiring an additional 1,034,573 shares during the period. Geode Capital Management LLC grew its stake in shares of Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the period. Invesco Ltd. increased its holdings in Kimco Realty by 34.9% in the 4th quarter. Invesco Ltd. now owns 17,016,898 shares of the real estate investment trust’s stock worth $344,933,000 after acquiring an additional 4,399,959 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in Kimco Realty by 8.1% in the 4th quarter. Centersquare Investment Management LLC now owns 12,905,449 shares of the real estate investment trust’s stock worth $261,593,000 after acquiring an additional 970,276 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Monday, June 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. One equities research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.56.

Kimco Realty Price Performance

Shares of Kimco Realty stock opened at $23.78 on Friday. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a 50 day moving average price of $25.04 and a 200-day moving average price of $24.01. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. During the same period in the previous year, the firm earned $0.44 earnings per share. Kimco Realty’s quarterly revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Equities analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 122.35%.

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.