Vanderbilt University Acquires Shares of 67,486 Kimco Realty Corporation $KIM

Vanderbilt University bought a new stake in Kimco Realty Corporation (NYSE:KIM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,486 shares of the real estate investment trust’s stock, valued at approximately $1,516,000.

Several other hedge funds have also recently made changes to their positions in KIM. M&T Bank Corp boosted its holdings in Kimco Realty by 4,368.2% in the 4th 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 period. Centersquare Investment Management LLC increased its holdings in shares of Kimco Realty by 1.6% in the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after purchasing an additional 188,261 shares during the period. Kettle Hill Capital Management LLC bought a new position in shares of Kimco Realty in the third quarter worth $14,921,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Kimco Realty in the fourth quarter worth $900,000. Finally, Geode Capital Management LLC raised its position in shares of Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after buying an additional 223,936 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock opened at $25.42 on Thursday. The firm’s fifty day moving average price is $24.10 and its 200-day moving average price is $22.55. 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 cap of $17.14 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.08.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to analyst estimates of $542.73 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’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. On average, equities research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.1%. Kimco Realty’s payout ratio is 120.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KIM shares. Scotiabank lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a report on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and an average target price of $25.50.

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.