Kimco Realty Corporation $KIM Stock Position Cut by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM) by 31.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 653,389 shares of the real estate investment trust’s stock after selling 305,827 shares during the period. Douglas Lane & Associates LLC’s holdings in Kimco Realty were worth $14,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steph & Co. raised its position in Kimco Realty by 2.1% during the 3rd quarter. Steph & Co. now owns 25,788 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 534 shares during the last quarter. CX Institutional raised its holdings in shares of Kimco Realty by 757.8% during the third quarter. CX Institutional now owns 61,535 shares of the real estate investment trust’s stock worth $1,367,000 after purchasing an additional 54,361 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new position in Kimco Realty during the second quarter valued at $203,000. National Pension Service lifted its position in Kimco Realty by 34.2% during the second quarter. National Pension Service now owns 56,897 shares of the real estate investment trust’s stock valued at $1,442,000 after purchasing an additional 14,490 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Kimco Realty in the second quarter valued at $201,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock traded up $0.09 during trading on Friday, hitting $22.18. The stock had a trading volume of 925,371 shares, compared to its average volume of 5,166,600. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The company’s 50-day moving average price is $23.48 and its two-hundred day moving average price is $23.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market capitalization of $14.87 billion, a P/E ratio of 26.06, a PEG ratio of 2.54 and a beta of 0.94.

Kimco Realty (NYSE:KIM) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.26. The business had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, research analysts predict that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 5.1%. Kimco Realty’s dividend payout ratio is presently 131.76%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KIM. Citigroup raised their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Morgan Stanley boosted their target price on shares of Kimco Realty from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Monday, June 22nd. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a research note on Thursday, June 11th. Finally, Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Kimco Realty Profile

Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties. Its tenants include grocery stores, restaurants, retailers, service providers and other businesses that serve everyday consumer needs.

The company’s activities include leasing, managing, acquiring, developing and redeveloping commercial real estate. Kimco focuses on well-located properties in major metropolitan areas and seeks to enhance them through tenant additions, property improvements and mixed-use development.

Founded in 1958 by Milton Cooper and partners, Kimco has grown into one of the largest publicly traded owners and operators of shopping centers in the United States.