Kimco Realty Corporation $KIM Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,952 shares of the real estate investment trust’s stock after selling 23,245 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Kimco Realty were worth $3,308,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KIM. Raiffeisen Bank International AG raised its position in shares of Kimco Realty by 9,783.7% in the second quarter. Raiffeisen Bank International AG now owns 47,936 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 47,451 shares during the period. Nykredit A S purchased a new stake in shares of Kimco Realty during the 2nd quarter worth about $4,380,000. Cetera Investment Advisers boosted its stake in shares of Kimco Realty by 144.4% during the 1st quarter. Cetera Investment Advisers now owns 197,693 shares of the real estate investment trust’s stock worth $4,442,000 after acquiring an additional 116,811 shares in the last quarter. CX Institutional grew its position in shares of Kimco Realty by 757.8% during the 3rd quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock valued at $1,367,000 after acquiring an additional 54,361 shares during the period. Finally, First Bank & Trust grew its position in shares of Kimco Realty by 406.9% during the 2nd quarter. First Bank & Trust now owns 52,228 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 41,925 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of several recent analyst reports. Weiss Ratings lowered Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wells Fargo & Company lowered their price target on Kimco Realty from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group dropped their price objective on Kimco Realty from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Piper Sandler cut their price objective on Kimco Realty from $31.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Mizuho cut their price objective on Kimco Realty from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, September 24th. One investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Price Performance

KIM traded up $0.04 during midday trading on Friday, hitting $23.63. 5,835,819 shares of the company traded hands, compared to its average volume of 4,888,453. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.69 and a beta of 0.94. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The business has a 50 day simple moving average of $23.08 and a two-hundred day simple moving average of $24.00.

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

Kimco Realty Increases Dividend

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

Kimco Realty Profile

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.