J. Safra Sarasin Holding AG Invests $705,000 in Kimco Realty Corporation $KIM

J. Safra Sarasin Holding AG acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,464 shares of the real estate investment trust’s stock, valued at approximately $705,000.

Several other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT lifted its holdings in shares of Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,049 shares during the period. Brown Lisle Cummings Inc. raised its position in Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares during the last quarter. Root Financial Partners LLC lifted its stake in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty during the 2nd quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $42,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KIM. Scotiabank raised their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a report on Thursday, June 11th. Truist Financial increased their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company boosted their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Kimco Realty Stock Down 0.7%

KIM opened at $25.08 on Thursday. The company has a fifty day moving average of $24.55 and a two-hundred day moving average of $23.08. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 2.78 and a beta of 0.95. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week 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.

Kimco Realty (NYSE:KIM) last posted 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 business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same period in the prior year, the company posted $0.44 EPS. The company’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. On average, research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

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