Prudential PLC Sells 55,667 Shares of Kimco Realty Corporation $KIM

Prudential PLC reduced its holdings in Kimco Realty Corporation (NYSE:KIM) by 73.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,214 shares of the real estate investment trust’s stock after selling 55,667 shares during the quarter. Prudential PLC’s holdings in Kimco Realty were worth $410,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brown Lisle Cummings Inc. increased its holdings in Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the second quarter worth approximately $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty in the second quarter worth approximately $42,000. Clearstead Advisors LLC increased its holdings in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings in Kimco Realty by 39.5% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,571 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 728 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 0.1%

Shares of Kimco Realty stock opened at $24.26 on Tuesday. The stock has a fifty day simple moving average of $23.51 and a 200 day simple moving average of $22.15. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $24.62. The company has a market capitalization of $16.36 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.96. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The business had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, sell-side analysts anticipate that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.3%. Kimco Realty’s payout ratio is currently 120.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KIM shares. Truist Financial lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Morgan Stanley boosted their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Barclays boosted their price objective on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Scotiabank boosted their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.14.

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.