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

Hsbc Holdings PLC raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,587,902 shares of the real estate investment trust’s stock after buying an additional 283,385 shares during the period. Hsbc Holdings PLC owned 0.53% of Kimco Realty worth $72,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. Zions Bancorporation National Association UT grew its holdings in shares of Kimco Realty by 270.4% in the 4th 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. increased its position in shares of Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the second quarter worth about $37,000. MUFG Securities EMEA plc acquired a new position in Kimco Realty during the second quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC increased its position in shares of 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 purchasing an additional 1,166 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 1.3%

Shares of Kimco Realty stock opened at $24.68 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The business has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $22.48. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 2.79 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. 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 business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.26 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a yield of 4.2%. Kimco Realty’s dividend payout ratio is 120.93%.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. 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. Truist Financial boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Morgan Stanley raised their target price on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and a consensus price target of $25.50.

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.