Pacific Heights Asset Management LLC Acquires Shares of 600,000 Kimco Realty Corporation $KIM

Pacific Heights Asset Management LLC bought a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 600,000 shares of the real estate investment trust’s stock, valued at approximately $15,210,000.

A number of other large investors have also recently modified their holdings of the business. Zions Bancorporation National Association UT increased its stake in shares of Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty during the 2nd quarter worth $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty in the second quarter valued at about $42,000. Finally, Clearstead Advisors LLC boosted its stake in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.7%

Shares of KIM stock opened at $23.86 on Friday. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The stock’s fifty day simple moving average is $25.05 and its 200 day simple moving average is $24.01. 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 firm has a market capitalization of $16.00 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.56 and a beta of 0.95.

Kimco Realty (NYSE:KIM) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $543.75 million. During the same period last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, sell-side analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. Kimco Realty’s dividend payout ratio (DPR) is 131.76%.

Key Headlines Impacting Kimco Realty

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: JPMorgan expects upside: A JPMorgan Chase analyst said Kimco Realty’s stock price is expected to rise, adding a bullish signal for the shopping-center REIT. Kimco Realty Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says
• Positive Sentiment: New $26 price target: Kimco shares gained following coverage highlighting a fresh $26 price target and steady second-quarter performance, suggesting analysts see additional value above recent trading levels. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
• Positive Sentiment: Near-term and longer-term estimates improved: Zacks Research raised its forecasts for third-quarter 2026 EPS to $0.46 from $0.45, fourth-quarter EPS to $0.46 from $0.45, and full-year 2026 EPS to $1.84 from $1.81. It also lifted its Q2 2027 estimate to $0.48, Q2 2028 to $0.49, and FY2028 to $1.94 from $1.93, indicating modestly better expected operating performance.
• Neutral Sentiment: Forecasts remain close to consensus: Zacks’ $1.84 full-year 2026 estimate matches the current consensus, so the upgrades may already be reflected in expectations rather than representing a major earnings surprise.
• Negative Sentiment: Some estimates were trimmed: Zacks reduced its FY2027 EPS forecast to $1.87 from $1.88 and Q1 2028 EPS to $0.48 from $0.49. The small cuts introduce a modest counterpoint to the broader estimate revisions.

Analyst Ratings Changes

Several brokerages have commented on KIM. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday, June 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Kimco Realty in a research note on Friday, July 31st. Jefferies Financial Group raised shares of Kimco Realty to a “hold” rating in a report on Friday, June 26th. Citigroup upped their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $28.00 price objective on shares of Kimco Realty in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $26.56.

Kimco Realty Company 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.