Rakuten Investment Management Inc. Takes Position in Kimco Realty Corporation $KIM

Rakuten Investment Management Inc. bought a new position in Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 110,285 shares of the real estate investment trust’s stock, valued at approximately $2,849,000.

Several other large investors have also recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after buying an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after acquiring an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Kimco Realty during the first quarter valued at $61,000. Quantbot Technologies LP purchased a new stake in shares of Kimco Realty in the second quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM opened at $23.78 on Monday. The firm has a fifty day moving average price of $25.04 and a 200-day moving average price of $24.03. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $15.95 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.53 and a beta of 0.95. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.20 by $0.26. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter last year, the firm posted $0.44 EPS. The firm’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. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s payout ratio is currently 131.76%.

Wall Street Analyst Weigh In

KIM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Barclays upped their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. 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 report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.56.

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.