TD Waterhouse Canada Inc. Sells 72,941 Shares of Kimco Realty Corporation $KIM

TD Waterhouse Canada Inc. reduced its position in Kimco Realty Corporation (NYSE:KIM) by 71.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,793 shares of the real estate investment trust’s stock after selling 72,941 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Kimco Realty were worth $662,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in Kimco Realty by 34.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 14,690 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 3,776 shares in the last quarter. MinichMacGregor Wealth Management LLC increased its position in Kimco Realty by 5.0% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 9,986 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 472 shares during the period. Wedmont Private Capital increased its position in Kimco Realty by 21.2% during the 3rd quarter. Wedmont Private Capital now owns 11,837 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 2,074 shares during the period. Steph & Co. raised its holdings in shares of Kimco Realty by 2.1% in the 3rd quarter. Steph & Co. now owns 25,788 shares of the real estate investment trust’s stock valued at $573,000 after purchasing an additional 534 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Kimco Realty by 757.8% in the 3rd quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock valued at $1,367,000 after purchasing an additional 54,361 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KIM shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $29.00 price target on shares of Kimco Realty in a research report on Monday, June 29th. Truist Financial assumed coverage on shares of Kimco Realty in a report on Thursday, October 1st. They set a “hold” rating and a $24.00 price objective on the stock. Citigroup boosted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Piper Sandler reduced their price objective on shares of Kimco Realty from $31.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Finally, Barclays lowered their target price on Kimco Realty from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Kimco Realty Price Performance

NYSE KIM opened at $23.60 on Friday. The firm’s fifty day simple moving average is $23.09 and its two-hundred day simple moving average is $24.00. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65. The firm has a market capitalization of $15.83 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.64 and a beta of 0.94.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.20 by $0.26. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts forecast that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is 131.76%.

About Kimco Realty

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.