Pictet Asset Management Holding SA Reduces Stock Holdings in Kimco Realty Corporation $KIM

Pictet Asset Management Holding SA lessened its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 9.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kimco Realty by 59.0% during 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 buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 valued at $13,593,000 after acquiring an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty in the first quarter valued at $61,000. Quantbot Technologies LP bought a new stake in shares of Kimco Realty in the 2nd quarter worth about $331,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Kimco Realty by 30.0% in the 2nd 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 during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 0.1%

Shares of KIM opened at $25.30 on Friday. The firm has a market capitalization of $17.06 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.79 and a beta of 0.95. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.08. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $24.34 and a 200-day moving average price of $22.80.

Kimco Realty (NYSE:KIM) last posted its quarterly 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 firm had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Equities research analysts expect that Kimco Realty Corporation will post 1.83 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 120.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KIM shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $29.00 price target on shares of Kimco Realty in a research note on Monday. Scotiabank raised their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Barclays boosted their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their target price 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. Finally, Wells Fargo & Company increased their price target on Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and an average price target of $25.71.

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.