Wellington Management Group LLP trimmed its position in Kimco Realty Corporation (NYSE:KIM – Free Report) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,250,075 shares of the real estate investment trust’s stock after selling 105,776 shares during the period. Wellington Management Group LLP owned 0.19% of Kimco Realty worth $31,689,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kimco Realty by 6.4% during the 1st 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 valued at $13,593,000 after acquiring an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Kimco Realty during the 1st quarter valued at approximately $61,000. Quantbot Technologies LP bought a new position in Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,170 shares during the period. 89.25% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on KIM. Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Monday, June 22nd. Scotiabank boosted their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company raised their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.56.
Kimco Realty Price Performance
Shares of NYSE KIM opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market capitalization of $15.83 billion, a PE ratio of 27.77, a P/E/G ratio of 2.75 and a beta of 0.93. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65. The business’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $24.07.
Kimco Realty (NYSE:KIM – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $0.44 earnings per share. 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. On average, research analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current year.
Kimco Realty Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a $0.28 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.7%. Kimco Realty’s payout ratio is currently 122.35%.
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.
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