Kimco Realty Corporation $KIM Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in Kimco Realty Corporation (NYSE:KIM) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,708,685 shares of the real estate investment trust’s stock after selling 134,669 shares during the period. Hsbc Holdings PLC’s holdings in Kimco Realty were worth $94,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Kimelman & Baird LLC purchased a new stake in Kimco Realty in the second quarter valued at $1,727,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Kimco Realty in the second quarter valued at approximately $98,000. Rakuten Investment Management Inc. acquired a new position in Kimco Realty in the 2nd quarter valued at $2,849,000. RB Capital Management LLC purchased a new position in Kimco Realty during the 2nd quarter worth $242,000. Finally, Empowered Funds LLC acquired a new stake in shares of Kimco Realty in the 2nd quarter worth $447,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.60 on Monday. The company has a 50-day moving average of $24.90 and a two-hundred day moving average of $24.08. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65. 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 stock has a market cap of $15.83 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping 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 return on equity of 5.76% and a net margin of 27.76%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, research analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KIM. The Goldman Sachs Group restated a “neutral” rating and issued a $28.00 price objective on shares of Kimco Realty in a research report on Tuesday, August 11th. Wells Fargo & Company increased their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Truist Financial raised their price target on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Weiss Ratings restated a “buy (b)” rating on shares of Kimco Realty in a research note on Friday, July 31st. Finally, Piper Sandler upped their price objective on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.56.

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.