Varma Mutual Pension Insurance Co Increases Holdings in Kimco Realty Corporation $KIM
by Amy Steele · The Cerbat GemVarma Mutual Pension Insurance Co boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 637,793 shares of the real estate investment trust’s stock after purchasing an additional 142,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Kimco Realty were worth $12,928,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kimco Realty by 6.4% during the 1st 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 purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new position in Kimco Realty during the 1st quarter valued at about $61,000. Quantbot Technologies LP purchased a new position in Kimco Realty during the 2nd quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 1,170 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Kimco Realty Stock Down 0.1%
NYSE:KIM opened at $23.37 on Tuesday. The firm’s 50-day moving average price is $23.17 and its 200-day moving average price is $21.68. The company has a market capitalization of $15.76 billion, a PE ratio of 27.17, a P/E/G ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.31.
Kimco Realty (NYSE:KIM – Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts predict that Kimco Realty Corporation will post 1.82 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on KIM shares. Morgan Stanley lifted their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Robert W. Baird set a $25.00 price objective on Kimco Realty in a research report on Friday, February 13th. Wells Fargo & Company lifted their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Barclays reaffirmed an “overweight” rating and set a $25.00 price objective on shares of Kimco Realty in a research report on Tuesday, January 13th. Finally, Piper Sandler lifted their price objective on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.71.
Read Our Latest Research Report on KIM
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.
See Also
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