Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 2,239,258 Kimco Realty Corporation $KIM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,239,258 shares of the real estate investment trust’s stock, valued at approximately $56,765,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp lifted its position in Kimco Realty by 4,368.2% in the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after buying an additional 773,780 shares during the last quarter. Geode Capital Management LLC grew its position in Kimco Realty by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock valued at $386,617,000 after acquiring an additional 223,936 shares during the last quarter. Legal & General Group Plc grew its position in Kimco Realty by 7.5% during the fourth quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after acquiring an additional 443,046 shares during the last quarter. Strs Ohio raised its stake in shares of Kimco Realty by 566.3% during the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after acquiring an additional 613,876 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Kimco Realty by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after acquiring an additional 48,672 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research reports. Piper Sandler upped their price objective on shares of Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial lifted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Barclays upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus set a $28.00 price objective on Kimco Realty in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Kimco Realty Stock Up 0.4%

Shares of NYSE KIM opened at $24.32 on Thursday. The firm’s fifty day moving average is $25.19 and its 200 day moving average is $23.89. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.58 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last announced its quarterly 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. The business had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a net margin of 27.76% and a return on equity of 5.76%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, equities research analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued 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 4.6%. The ex-dividend date is Friday, September 4th. 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.