Nomura Asset Management Co. Ltd. Acquires 33,801 Shares of Kimco Realty Corporation $KIM

Nomura Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,234,823 shares of the real estate investment trust’s stock after buying an additional 33,801 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.18% of Kimco Realty worth $25,030,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KIM. Brown Lisle Cummings Inc. grew its position in shares of 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 valued at $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new stake in Kimco Realty in the second quarter worth about $42,000. Clearstead Advisors LLC raised its stake in shares of Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,166 shares during the period. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Kimco Realty by 39.5% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 728 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Piper Sandler lifted their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Wells Fargo & Company raised their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Price Performance

KIM stock opened at $23.68 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The company’s fifty day moving average price is $23.35 and its 200-day moving average price is $22.02. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $24.62. The company has a market capitalization of $15.97 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. Kimco Realty’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. Kimco Realty’s dividend payout ratio is presently 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.