Pacific Heights Asset Management LLC Purchases 50,000 Shares of Kimco Realty Corporation $KIM

Pacific Heights Asset Management LLC raised its position in Kimco Realty Corporation (NYSE:KIM) by 10.0% during the fourth quarter, Holdings Channel reports. The fund owned 550,000 shares of the real estate investment trust’s stock after acquiring an additional 50,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Kimco Realty were worth $11,148,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KIM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kimco Realty by 541.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust’s stock valued at $137,756,000 after acquiring an additional 5,322,009 shares during the period. SG Americas Securities LLC lifted its holdings in Kimco Realty by 10,776.5% in the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after acquiring an additional 2,403,585 shares during the period. Federated Hermes Inc. lifted its holdings in Kimco Realty by 27.2% in the third quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after acquiring an additional 2,280,090 shares during the period. Barclays PLC lifted its holdings in Kimco Realty by 113.0% in the third quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust’s stock valued at $69,612,000 after acquiring an additional 1,690,137 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Kimco Realty by 762.6% in the third quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust’s stock valued at $41,518,000 after acquiring an additional 1,679,852 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM opened at $22.99 on Monday. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The business has a 50-day simple moving average of $23.16 and a two-hundred day simple moving average of $21.77. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.25 and a beta of 0.97. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $24.31.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KIM shares. Scotiabank increased their target price on Kimco Realty from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. increased their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Barclays increased their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Finally, Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.93.

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.