Kimco Realty Corporation $KIM Stock Holdings Trimmed by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 7.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,250,075 shares of the real estate investment trust’s stock after selling 105,776 shares during the quarter. Wellington Management Group LLP’s holdings in Kimco Realty were worth $31,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 worth $113,000 after purchasing an additional 520 shares in the last quarter. Root Financial Partners LLC raised its holdings in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 546 shares in the last quarter. Norinchukin Bank The lifted its position in Kimco Realty by 0.8% in the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 603 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Kimco Realty by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 610 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KIM. Jefferies Financial Group raised Kimco Realty to a “hold” rating in a research note on Friday, June 26th. Barclays boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Citigroup lifted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $28.00 price objective on shares of Kimco Realty in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.56.

Kimco Realty Stock Performance

Shares of KIM opened at $23.60 on Friday. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65. The company has a 50-day moving average of $24.90 and a two-hundred day moving average of $24.07. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous 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 research analysts expect that Kimco Realty Corporation will post 1.84 earnings per share for the current 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 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 of this dividend is 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 122.35%.

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.