Kimco Realty Corporation $KIM Stock: Great Lakes Retirement Inc. Decreases Holdings

Great Lakes Retirement Inc. lessened its position in shares of Kimco Realty Corporation (NYSE:KIM) by 52.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,663 shares of the real estate investment trust’s stock after selling 93,354 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Kimco Realty were worth $1,903,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG boosted its holdings in shares of Kimco Realty by 9,783.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock valued at $1,238,000 after purchasing an additional 47,451 shares during the last quarter. CX Institutional increased its holdings in shares of Kimco Realty by 757.8% during the 3rd quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 54,361 shares during the last quarter. Nykredit A S acquired a new stake in shares of Kimco Realty during the 2nd quarter worth $4,380,000. Cetera Investment Advisers raised its position in shares of Kimco Realty by 144.4% in the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after buying an additional 116,811 shares during the period. Finally, Strs Ohio raised its position in shares of Kimco Realty by 566.3% in the 1st quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after buying an additional 613,876 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 1.2%

Shares of NYSE:KIM opened at $23.43 on Thursday. The company’s fifty day moving average is $23.05 and its two-hundred day moving average is $23.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.94.

Kimco Realty (NYSE:KIM) last posted its quarterly 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 net margin of 27.76% and a return on equity of 5.76%. The business had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. During the same period in the previous year, the business posted $0.44 EPS. The company’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. Equities analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.8%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 4th. Kimco Realty’s dividend payout ratio is currently 131.76%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KIM. The Goldman Sachs Group set a $24.00 target price on Kimco Realty in a report on Wednesday, October 7th. UBS Group decreased their price target on shares of Kimco Realty from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Citigroup increased their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Truist Financial began coverage on Kimco Realty in a research report on Thursday, October 1st. They issued a “hold” rating and a $24.00 price objective on the stock. Finally, Barclays cut their price objective on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.