VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 358,300 Shares of Kimco Realty Corporation $KIM

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Kimco Realty Corporation (NYSE:KIM) by 31.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,499,653 shares of the real estate investment trust’s stock after purchasing an additional 358,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.22% of Kimco Realty worth $30,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC boosted its stake in Kimco Realty by 94.1% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 70,662 shares of the real estate investment trust’s stock worth $1,544,000 after acquiring an additional 34,251 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Kimco Realty by 4,368.2% during the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after purchasing an additional 773,780 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 1.6% during the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $4,653,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $900,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Evercore set a $25.00 target price on Kimco Realty in a research note on Friday, May 1st. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.93.

Kimco Realty Stock Performance

KIM stock opened at $23.09 on Thursday. The stock has a market capitalization of $15.57 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $24.31. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $21.76.

Kimco Realty (NYSE:KIM) last posted 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 business had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the company earned $0.44 EPS. The company’s quarterly 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 forecast 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 will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.