Fairtree Asset Management Pty Ltd Invests $860,000 in Kimco Realty Corporation $KIM

Fairtree Asset Management Pty Ltd acquired a new stake in Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,937 shares of the real estate investment trust’s stock, valued at approximately $860,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp increased its stake in Kimco Realty by 4,368.2% in 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. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 1.2% during the 4th 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 during the last quarter. Legal & General Group Plc lifted its position in shares of Kimco Realty by 7.5% during the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock worth $128,187,000 after buying an additional 443,046 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Kimco Realty by 9.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock valued at $10,937,000 after buying an additional 48,672 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock valued at $16,230,000 after buying an additional 613,876 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KIM. Truist Financial boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Scotiabank lifted their target price on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Barclays boosted their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Citigroup upped their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Trading Down 0.6%

NYSE KIM opened at $24.17 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market cap of $16.21 billion, a PE ratio of 28.44, a P/E/G ratio of 2.59 and a beta of 0.95. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65. The firm’s fifty day moving average is $25.15 and its two-hundred day moving average is $23.92.

Kimco Realty (NYSE:KIM) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The business had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.6%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is currently 122.35%.

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.