Legal & General Group Plc Has $128.19 Million Holdings in Kimco Realty Corporation $KIM

Legal & General Group Plc lifted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,323,989 shares of the real estate investment trust’s stock after buying an additional 443,046 shares during the quarter. Legal & General Group Plc’s holdings in Kimco Realty were worth $128,187,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC grew its holdings in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC grew its holdings in Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares during the period. Bleakley Financial Group LLC grew its holdings in Kimco Realty by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares during the period. Finally, Norinchukin Bank The grew its holdings in Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 603 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.9%

Shares of NYSE KIM opened at $24.21 on Friday. The stock has a market capitalization of $16.32 billion, a P/E ratio of 28.15, a P/E/G ratio of 1.33 and a beta of 0.97. The company has a 50-day moving average price of $23.32 and a 200-day moving average price of $21.97. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.62. 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 (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities research analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed 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 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Piper Sandler raised their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Truist Financial raised their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.