Swedbank AB Has $11.36 Million Position in Kimco Realty Corporation $KIM

Swedbank AB reduced its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 560,210 shares of the real estate investment trust’s stock after selling 126,193 shares during the period. Swedbank AB’s holdings in Kimco Realty were worth $11,355,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in shares of Kimco Realty by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 503 shares in the last quarter. Parallel Advisors LLC boosted its position in Kimco Realty by 11.2% in the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares in the last quarter. EPG Wealth Management LLC boosted its position in Kimco Realty by 1.8% in the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 530 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Kimco Realty by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 589 shares in the last quarter. Finally, Norinchukin Bank The boosted its position in Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after buying an additional 603 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Scotiabank boosted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 24th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research report on Friday, February 13th. Piper Sandler boosted their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Barclays restated an “overweight” rating and issued a $25.00 price target on shares of Kimco Realty in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.71.

Kimco Realty Trading Down 0.2%

Shares of NYSE KIM opened at $23.49 on Friday. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.31. The company has a market cap of $15.84 billion, a PE ratio of 27.32, a P/E/G ratio of 1.28 and a beta of 0.97. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $23.19 and a two-hundred day moving average of $21.72.

Kimco Realty (NYSE:KIM) last announced its 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. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’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. As a group, equities analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. Kimco Realty’s payout ratio is currently 120.93%.

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.