Thrivent Financial for Lutherans Sells 74,021 Shares of Kimco Realty Corporation $KIM

Thrivent Financial for Lutherans lowered its holdings in Kimco Realty Corporation (NYSE:KIM) by 23.7% in the 4th quarter, HoldingsChannel reports. The firm owned 237,697 shares of the real estate investment trust’s stock after selling 74,021 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kimco Realty were worth $4,818,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kimco Realty by 6.4% in the 1st 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 purchasing an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Kimco Realty in the 1st quarter valued at about $61,000. Quantbot Technologies LP bought a new position in shares of Kimco Realty during the 2nd quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Kimco Realty by 30.0% during 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 in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.0%

Shares of Kimco Realty stock opened at $24.06 on Friday. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $24.31. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.29 and a beta of 0.97. The firm’s 50 day simple moving average is $23.19 and its two-hundred day simple moving average is $21.84.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $0.44 EPS. Kimco Realty’s revenue for the quarter was up 4.0% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. Kimco Realty’s dividend payout ratio is presently 120.93%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird set a $25.00 price objective on shares of Kimco Realty in a research note on Friday, February 13th. Barclays boosted their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Piper Sandler boosted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Kimco Realty 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.