Kimco Realty Corporation $KIM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Kimco Realty Corporation (NYSE:KIM) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,988,887 shares of the real estate investment trust’s stock after selling 56,984 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Kimco Realty were worth $44,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KIM. M&T Bank Corp grew its position in Kimco Realty by 4,368.2% during the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after purchasing an additional 773,780 shares during the period. Kettle Hill Capital Management LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at about $14,921,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Kimco Realty in the fourth quarter worth about $900,000. Geode Capital Management LLC boosted its stake in shares of Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after buying an additional 223,936 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Kimco Realty by 10,776.5% during the fourth quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock worth $49,173,000 after acquiring an additional 2,403,585 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of analyst reports. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a report on Thursday, June 11th. Truist Financial lifted their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Jefferies Financial Group upgraded shares of Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company raised their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Finally, UBS Group lifted their price objective on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.88.

Kimco Realty Price Performance

Kimco Realty stock opened at $24.88 on Monday. The company has a fifty day simple moving average of $24.46 and a 200-day simple moving average of $22.98. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.74 and a beta of 0.95. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.08.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.2%. Kimco Realty’s dividend payout ratio (DPR) is 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.