Pacific Heights Asset Management LLC Raises Stock Holdings in Kimco Realty Corporation $KIM

Pacific Heights Asset Management LLC increased its position in Kimco Realty Corporation (NYSE:KIM) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 550,000 shares of the real estate investment trust’s stock after purchasing an additional 50,000 shares during the period. Pacific Heights Asset Management LLC owned 0.08% of Kimco Realty worth $11,148,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after acquiring an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Kimco Realty in the first quarter worth $61,000. Quantbot Technologies LP bought a new stake in Kimco Realty in the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,170 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank boosted their target price on Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Evercore set a $25.00 target price on Kimco Realty in a report on Friday, May 1st. Truist Financial boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Piper Sandler boosted their target price on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and an average price target of $24.93.

Kimco Realty Trading Down 0.1%

Shares of NYSE:KIM opened at $22.99 on Monday. The company has a market cap of $15.50 billion, a P/E ratio of 26.73, a PEG ratio of 1.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.31. The stock’s fifty day moving average price is $23.16 and its 200-day moving average price is $21.77.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The company’s quarterly revenue was up 4.0% on a year-over-year basis. 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. Sell-side analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio 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.