Reflection Asset Management Purchases New Shares in Kimco Realty Corporation $KIM

Reflection Asset Management acquired a new stake in Kimco Realty Corporation (NYSE:KIM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,395 shares of the real estate investment trust’s stock, valued at approximately $1,184,000.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Kimco Realty by 76.9% during the 4th quarter. Pacer Advisors Inc. now owns 95,572 shares of the real estate investment trust’s stock valued at $1,937,000 after acquiring an additional 41,556 shares during the period. Compound Planning Inc. raised its holdings in Kimco Realty by 8.5% in the 4th quarter. Compound Planning Inc. now owns 15,012 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 1,180 shares during the period. Invesco Ltd. raised 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 purchasing an additional 4,399,959 shares during the period. Corient Private Wealth LLC boosted its position in Kimco Realty by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 43,305 shares of the real estate investment trust’s stock worth $874,000 after purchasing an additional 2,495 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in Kimco Realty by 5.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 987,797 shares of the real estate investment trust’s stock worth $20,823,000 after purchasing an additional 50,779 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Truist Financial increased their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.33.

Kimco Realty Stock Up 0.1%

Shares of KIM opened at $24.40 on Friday. The stock has a 50 day moving average price of $23.98 and a 200 day moving average price of $22.43. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.79 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last announced 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 company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities research analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 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.