Pictet Asset Management Holding SA Trims Stake in Kimco Realty Corporation $KIM

Pictet Asset Management Holding SA cut its position in shares of Kimco Realty Corporation (NYSE:KIM) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 308,918 shares of the real estate investment trust’s stock after selling 33,395 shares during the period. Pictet Asset Management Holding SA’s holdings in Kimco Realty were worth $6,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its position in shares of Kimco Realty by 4,368.2% during the 4th quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock worth $16,044,000 after buying an additional 773,780 shares in the last quarter. Kettle Hill Capital Management LLC bought a new stake in shares of Kimco Realty in the third quarter valued at about $14,921,000. Runnymede Capital Advisors Inc. purchased a new stake in Kimco Realty in the fourth quarter worth about $900,000. Geode Capital Management LLC lifted its stake in Kimco Realty by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after acquiring an additional 223,936 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in Kimco Realty during the 3rd quarter worth about $4,511,000. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KIM shares. Evercore set a $25.00 target price on shares of Kimco Realty in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays lifted their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Finally, Wolfe Research upgraded Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.71.

Kimco Realty Price Performance

KIM opened at $25.30 on Friday. The business’s 50-day moving average is $24.34 and its two-hundred day moving average is $22.80. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08. 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 firm has a market capitalization of $17.06 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.79 and a beta of 0.95.

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

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s payout ratio is 120.93%.

Kimco Realty Company 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.