Hsbc Holdings PLC Lowers Stock Holdings in Kimco Realty Corporation $KIM

Hsbc Holdings PLC reduced its position in Kimco Realty Corporation (NYSE:KIM) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,708,685 shares of the real estate investment trust’s stock after selling 134,669 shares during the quarter. Hsbc Holdings PLC owned approximately 0.55% of Kimco Realty worth $94,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its stake 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 purchasing an additional 1,049 shares during the period. Root Financial Partners LLC increased its stake in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 546 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty during the 2nd quarter worth approximately $37,000. MUFG Securities EMEA plc acquired a new stake in Kimco Realty during the 2nd quarter worth approximately $42,000. Finally, Clearstead Advisors LLC lifted its holdings in Kimco Realty by 92.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,166 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

NYSE KIM opened at $23.60 on Monday. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The firm has a 50 day moving average of $24.90 and a two-hundred day moving average of $24.08. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $15.83 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.93.

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

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 4th. Kimco Realty’s payout ratio is 131.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KIM shares. JPMorgan Chase & Co. boosted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Wells Fargo & Company increased their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $29.00 target price on shares of Kimco Realty in a report on Monday, June 29th. Truist Financial lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $28.00 target price on shares of Kimco Realty in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.56.

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.