Kimco Realty Corporation $KIM Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Kimco Realty Corporation (NYSE:KIM) by 1.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,895,786 shares of the real estate investment trust’s stock after selling 62,496 shares during the period. Bank of New York Mellon Corp’s holdings in Kimco Realty were worth $132,478,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KIM. Zions Bancorporation National Association UT boosted its holdings in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of Kimco Realty by 127.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at $37,000. Finally, MUFG Securities EMEA plc bought a new position in Kimco Realty during the second quarter valued at about $42,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research raised Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Monday, June 22nd. UBS Group raised their price objective on shares of Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $29.00 target price on shares of Kimco Realty in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.88.

Kimco Realty Trading Up 0.1%

Kimco Realty stock opened at $26.15 on Monday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.88 and a beta of 0.95. The company has a 50 day moving average price of $24.65 and a 200 day moving average price of $23.17.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Research analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, June 5th. Kimco Realty’s 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.