Prudential PLC Has $410,000 Holdings in Kimco Realty Corporation $KIM

Prudential PLC cut its holdings in Kimco Realty Corporation (NYSE:KIM) by 73.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

Several other large investors have also bought and sold shares of KIM. Brown Lisle Cummings Inc. boosted its stake 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 valued at $30,000 after buying an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Kimco Realty in the second quarter valued at about $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty in the second quarter valued at about $42,000. Clearstead Advisors LLC boosted its stake 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 valued at $49,000 after buying an additional 1,166 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake 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 valued at $52,000 after buying an additional 728 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Kimco Realty stock opened at $24.26 on Tuesday. The stock’s 50 day moving average is $23.51 and its 200 day moving average is $22.15. 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 cap of $16.36 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.78 and a beta of 0.96. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $24.62.

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 analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $558.02 million for the quarter, compared to analyst estimates of $542.73 million. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, research analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The business 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s payout ratio is currently 120.93%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KIM shares. Wells Fargo & Company raised their price objective on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Evercore set a $25.00 price objective on Kimco Realty in a research note on Friday, May 1st. Morgan Stanley lifted their price target on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Weiss Ratings raised Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Kimco Realty 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.