Kimco Realty Corporation $KIM Position Cut by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Kimco Realty Corporation (NYSE:KIM) by 8.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 330,328 shares of the real estate investment trust’s stock after selling 30,760 shares during the quarter. Natixis Advisors LLC’s holdings in Kimco Realty were worth $6,696,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. One Capital Management LLC bought a new stake in Kimco Realty in the 4th quarter valued at about $3,852,000. New Mexico Educational Retirement Board grew its position in Kimco Realty by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 31,468 shares of the real estate investment trust’s stock worth $638,000 after purchasing an additional 900 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Kimco Realty by 2.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,234,823 shares of the real estate investment trust’s stock worth $25,030,000 after purchasing an additional 33,801 shares during the last quarter. MUFG Securities EMEA plc increased its stake in shares of Kimco Realty by 114.4% in the fourth quarter. MUFG Securities EMEA plc now owns 27,794 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 14,832 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Kimco Realty by 118.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,383,377 shares of the real estate investment trust’s stock valued at $28,041,000 after purchasing an additional 749,837 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KIM shares. Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley boosted their price target on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Truist Financial lifted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Barclays upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.14.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $24.27 on Monday. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.62. The firm has a market cap of $16.36 billion, a P/E ratio of 28.22, a PEG ratio of 2.78 and a beta of 0.96. The stock has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $22.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

Kimco Realty (NYSE:KIM) last posted 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. The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is presently 120.93%.

About Kimco Realty

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.