Kimco Realty Corporation $KIM Stock Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC decreased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,952 shares of the real estate investment trust’s stock after selling 23,245 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Kimco Realty were worth $3,308,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC raised its position 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 last quarter. IFP Advisors Inc lifted its stake in shares of Kimco Realty by 37.9% in the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 478 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Kimco Realty by 100.0% during the first quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,500 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Kimco Realty by 41.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 847 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Kimco Realty during the first quarter worth about $79,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on KIM shares. Barclays dropped their price objective on shares of Kimco Realty from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Truist Financial began coverage on shares of Kimco Realty in a research note on Thursday, October 1st. They issued a “hold” rating and a $24.00 target price on the stock. UBS Group lowered their target price on Kimco Realty from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 9th. The Goldman Sachs Group set a $24.00 price target on Kimco Realty in a research report on Wednesday, October 7th. Finally, Morgan Stanley increased their price target on Kimco Realty from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.71.

Kimco Realty Trading Up 0.2%

Kimco Realty stock traded up $0.04 during midday trading on Friday, hitting $23.63. 5,835,819 shares of the stock were exchanged, compared to its average volume of 4,888,453. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $23.08 and its 200 day simple moving average is $24.00. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.69 and a beta of 0.94.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 131.76%.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company’s portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.