Swedbank AB Decreases Stock Holdings in Kimco Realty Corporation $KIM

Swedbank AB decreased its position in Kimco Realty Corporation (NYSE:KIM) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 560,210 shares of the real estate investment trust’s stock after selling 126,193 shares during the quarter. Swedbank AB owned approximately 0.08% of Kimco Realty worth $11,355,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KIM. Brown Lisle Cummings Inc. increased its position in shares of 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 valued at $30,000 after acquiring an additional 840 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Kimco Realty in the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new position in shares of Kimco Realty in the second quarter valued at about $42,000. Physician Wealth Advisors Inc. increased its position in shares of 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 valued at $52,000 after acquiring an additional 728 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Kimco Realty by 211.1% during the 4th quarter. Covestor Ltd now owns 2,682 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,820 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $24.58 on Wednesday. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $24.59. 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 company’s 50-day moving average is $23.27 and its 200 day moving average is $21.92. The stock has a market capitalization of $16.58 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.31 and a beta of 0.97.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Kimco Realty’s quarterly 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 expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a yield of 4.2%. Kimco Realty’s payout ratio is presently 120.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KIM shares. Piper Sandler boosted their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research report on Friday, February 13th. Finally, Morgan Stanley boosted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.00.

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.