Kelly Lawrence W & Associates Inc. CA Invests $700,000 in Kimco Realty Corporation $KIM

Kelly Lawrence W & Associates Inc. CA acquired a new stake in Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,600 shares of the real estate investment trust’s stock, valued at approximately $700,000.

Several other large investors also recently modified their holdings of KIM. Zions Bancorporation National Association UT lifted its holdings in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Root Financial Partners LLC boosted its position in Kimco Realty by 60.7% during the first 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 last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty during the 2nd quarter worth about $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty during the 2nd quarter worth about $42,000. Finally, Clearstead Advisors LLC raised its position in shares of Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,166 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KIM shares. Wells Fargo & Company upped their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kimco Realty in a report on Friday, July 31st. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research note on Thursday, June 11th. Barclays increased their price target on Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a research report on Monday, June 29th. One research 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $24.24 on Tuesday. The firm has a market capitalization of $16.26 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.56 and a beta of 0.95. The firm’s 50-day moving average price is $25.09 and its 200-day moving average price is $23.96. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65.

Kimco Realty (NYSE:KIM) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS 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 company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the business posted $0.44 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.6%. Kimco Realty’s dividend payout ratio is currently 131.76%.

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.