Hsbc Holdings PLC Purchases 255,452 Shares of Kimco Realty Corporation $KIM

Hsbc Holdings PLC increased its position in Kimco Realty Corporation (NYSE:KIM) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,843,354 shares of the real estate investment trust’s stock after purchasing an additional 255,452 shares during the period. Hsbc Holdings PLC’s holdings in Kimco Realty were worth $86,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KIM. Quadrant Capital Group LLC boosted its holdings 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 buying an additional 503 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 520 shares in the last quarter. EPG Wealth Management LLC lifted its position in Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 530 shares during the period. Root Financial Partners LLC lifted its position in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the period. Finally, Norinchukin Bank The boosted its stake in Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after acquiring an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KIM. UBS Group raised their target price on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial boosted their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Raymond James Financial restated a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research note on Monday, June 29th. Barclays raised their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.88.

Kimco Realty Stock Performance

Shares of KIM stock opened at $26.15 on Monday. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.88 and a beta of 0.95. 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 Corporation has a one year low of $19.76 and a one year high of $26.45. The company’s 50-day moving average is $24.65 and its 200 day moving average is $23.17.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. Kimco Realty’s dividend payout ratio (DPR) is 120.93%.

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.