Principal Financial Group Inc. Trims Stock Position in Kimco Realty Corporation $KIM

Principal Financial Group Inc. reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 15.2% during the 1st quarter, HoldingsChannel reports. The firm owned 920,212 shares of the real estate investment trust’s stock after selling 164,739 shares during the period. Principal Financial Group Inc.’s holdings in Kimco Realty were worth $20,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 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 lifted its holdings in shares of 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 worth $13,593,000 after purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Kimco Realty during the first quarter worth $61,000. Quantbot Technologies LP purchased a new position in Kimco Realty in the 2nd quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC grew its position in Kimco Realty by 30.0% in 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 buying an additional 1,170 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.2%

Shares of KIM stock opened at $26.07 on Wednesday. The business’s fifty day moving average price is $24.75 and its 200 day moving average price is $23.25. The firm has a market capitalization of $17.58 billion, a PE ratio of 30.32, a P/E/G ratio of 2.87 and a beta of 0.95. 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 $26.45.

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 company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.Kimco Realty’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, sell-side analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

Analysts Set New Price Targets

A number of brokerages have commented on KIM. Evercore set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Kimco Realty from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a research note on Thursday, June 11th. Scotiabank increased their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, Barclays raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus target price of $26.06.

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.