Twin Tree Management LP Makes New Investment in Kimco Realty Corporation $KIM

Twin Tree Management LP bought a new position in Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 84,643 shares of the real estate investment trust’s stock, valued at approximately $2,146,000.

Several other institutional investors and hedge funds have also made changes to their positions in KIM. Bank of Nova Scotia bought a new position in Kimco Realty during the second quarter worth $3,079,000. Commerce Bank bought a new stake in Kimco Realty during the second quarter valued at $264,000. Northwestern Mutual Wealth Management Co. bought a new stake in Kimco Realty during the second quarter valued at $586,000. Quantbot Technologies LP bought a new stake in Kimco Realty during the second quarter valued at $4,336,000. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Kimco Realty during the second quarter worth $375,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Raymond James Financial reiterated a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research note on Monday, June 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. Wells Fargo & Company lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Down 0.5%

KIM opened at $24.03 on Friday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $26.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market cap of $16.12 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.56 and a beta of 0.95. The stock’s 50 day moving average price is $25.12 and its 200 day moving average price is $23.92.

Kimco Realty (NYSE:KIM) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, research analysts predict 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. Investors of record on Friday, September 4th will be paid a dividend of $0.28 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.