Kimco Realty Corporation $KIM Shares Sold by Andra AP fonden

Andra AP fonden lowered its holdings in Kimco Realty Corporation (NYSE:KIM) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,400 shares of the real estate investment trust’s stock after selling 34,700 shares during the period. Andra AP fonden’s holdings in Kimco Realty were worth $2,728,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. grew its holdings in Kimco Realty by 7.7% in the first quarter. Meeder Advisory Services Inc. now owns 28,623 shares of the real estate investment trust’s stock valued at $643,000 after purchasing an additional 2,041 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kimco Realty by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,341,105 shares of the real estate investment trust’s stock worth $232,363,000 after buying an additional 152,242 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Kimco Realty by 46.0% in the 1st quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 2,829 shares during the period. KBC Group NV raised its position in shares of Kimco Realty by 10.7% in the 1st quarter. KBC Group NV now owns 331,120 shares of the real estate investment trust’s stock worth $7,441,000 after buying an additional 31,872 shares during the period. Finally, SEB Asset Management AB purchased a new position in shares of Kimco Realty in the 1st quarter worth $5,635,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Kimco Realty stock opened at $26.14 on Thursday. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.45. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $24.81 and its 200 day moving average price is $23.29.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS 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 analyst estimates of $542.73 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’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, research analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KIM shares. Raymond James Financial restated a “strong-buy” rating and issued a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Evercore set a $25.00 price target on Kimco Realty in a report on Friday, May 1st. Morgan Stanley raised 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. Finally, Truist Financial boosted their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.