TD Waterhouse Canada Inc. Sells 72,941 Shares of Kimco Realty Corporation $KIM

TD Waterhouse Canada Inc. lowered its stake in Kimco Realty Corporation (NYSE:KIM) by 71.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,793 shares of the real estate investment trust’s stock after selling 72,941 shares during the period. TD Waterhouse Canada Inc.’s holdings in Kimco Realty were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KIM. Root Financial Partners LLC grew its holdings in shares of Kimco Realty by 60.7% during 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 increased its position in shares of Kimco Realty by 37.9% in the 2nd quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 478 shares during the period. Brown Lisle Cummings Inc. increased its position in shares of Kimco Realty by 100.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,500 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Kimco Realty by 41.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 847 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Kimco Realty in the 1st quarter worth $79,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on KIM shares. JPMorgan Chase & Co. lifted their price target on Kimco Realty from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Wells Fargo & Company boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Piper Sandler lowered their price target on Kimco Realty from $31.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Finally, UBS Group dropped their price target on shares of Kimco Realty from $29.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Kimco Realty Trading Up 3.9%

Shares of Kimco Realty stock opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The stock’s 50 day simple moving average is $23.09 and its 200-day simple moving average is $24.00. The stock has a market cap of $15.83 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.64 and a beta of 0.94. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65.

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

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio (DPR) is presently 131.76%.

Kimco Realty 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.