Hsbc Holdings PLC Acquires 283,385 Shares of Kimco Realty Corporation $KIM

Hsbc Holdings PLC boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,587,902 shares of the real estate investment trust’s stock after purchasing an additional 283,385 shares during the period. Hsbc Holdings PLC’s holdings in Kimco Realty were worth $72,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Kimco Realty by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 503 shares during the period. Parallel Advisors LLC increased its stake in shares of Kimco Realty by 11.2% during the third quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 520 shares during the period. EPG Wealth Management LLC raised its holdings in shares of Kimco Realty by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 530 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Kimco Realty by 0.8% during the third quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 603 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Kimco Realty by 17.5% during the third quarter. Allworth Financial LP now owns 4,135 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 617 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.1%

Shares of NYSE: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. 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 stock has a 50 day moving average price of $24.34 and a 200-day moving average price of $22.80. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.08.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share 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 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 revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts anticipate that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on KIM. Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Wolfe Research upgraded 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. Truist Financial raised their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.71.

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.