Kimco Realty Corporation $KIM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 312,009 shares of the real estate investment trust’s stock after selling 102,897 shares during the period. Commonwealth Equity Services LLC’s holdings in Kimco Realty were worth $6,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. M&T Bank Corp raised its holdings in Kimco Realty by 4,368.2% during the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after acquiring an additional 773,780 shares during the period. Centersquare Investment Management LLC increased its holdings in shares of Kimco Realty by 1.6% in the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after purchasing an additional 188,261 shares during the period. Kettle Hill Capital Management LLC bought a new position in shares of Kimco Realty in the third quarter worth $14,921,000. Runnymede Capital Advisors Inc. bought a new position in shares of Kimco Realty in the fourth quarter worth $900,000. Finally, NEOS Investment Management LLC increased its holdings in shares of Kimco Realty by 66.9% in the third quarter. NEOS Investment Management LLC now owns 147,765 shares of the real estate investment trust’s stock worth $3,229,000 after purchasing an additional 59,219 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KIM shares. JPMorgan Chase & Co. upped their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Evercore set a $25.00 price target on shares of Kimco Realty in a report on Friday, May 1st. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Barclays upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.14.

Kimco Realty Stock Up 1.1%

KIM opened at $24.27 on Friday. The stock has a market cap of $16.36 billion, a PE ratio of 28.22, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $24.62. The business’s fifty day simple moving average is $23.47 and its 200 day simple moving average is $22.11.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 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.