Swedbank AB Sells 126,193 Shares of Kimco Realty Corporation $KIM

Swedbank AB lowered its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 18.4% during the 4th quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KIM. Quadrant Capital Group LLC lifted its position in Kimco Realty by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC lifted its position in Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC lifted its position in Kimco Realty by 1.8% during 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 purchasing an additional 530 shares during the period. Bleakley Financial Group LLC lifted its position in Kimco Realty by 5.0% during 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 purchasing an additional 589 shares during the period. Finally, Norinchukin Bank The increased its holdings 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 valued at $1,602,000 after buying an additional 603 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KIM shares. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Evercore set a $25.00 price objective on shares of Kimco Realty in a research report on Friday, May 1st. Truist Financial boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Barclays boosted their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $24.58 on Wednesday. The firm has a fifty day moving average price of $23.27 and a 200-day moving average price of $21.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market cap of $16.58 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.59.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm 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 company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities analysts anticipate 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. Investors of record on Friday, June 5th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.93%.

About Kimco Realty

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.