93,354 Kimco Realty Corporation $KIM Shares Sold by Great Lakes Retirement Inc.

Key Points

• Great Lakes Retirement Inc. reduced its Kimco Realty stake by 52.1%, selling 93,354 shares in the third quarter and retaining 85,663 shares valued at approximately $1.9 million.
• Kimco Realty reported quarterly EPS of $0.46, well above the $0.20 consensus estimate, while revenue rose 4.9% year over year to $550.8 million. The company also increased its quarterly dividend to $0.28, representing a 4.8% annualized yield.
• Shares opened at $23.43, while analysts maintain a “Moderate Buy” consensus with an average price target of $25.71; institutional investors own 89.25% of the stock.

Great Lakes Retirement Inc. decreased its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 52.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,663 shares of the real estate investment trust's stock after selling 93,354 shares during the quarter. Great Lakes Retirement Inc.'s holdings in Kimco Realty were worth $1,903,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Kimco Realty during the 2nd quarter worth approximately $1,895,765,000. Bank of America Corp DE purchased a new stake in shares of Kimco Realty in the 2nd quarter valued at $235,111,000. Dimensional Fund Advisors LP boosted its holdings in shares of Kimco Realty by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,341,105 shares of the real estate investment trust's stock valued at $232,363,000 after acquiring an additional 152,242 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kimco Realty by 7,715.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,304,565 shares of the real estate investment trust's stock worth $159,821,000 after acquiring an additional 6,223,902 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Kimco Realty in the second quarter worth $156,283,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Down 1.2%

KIM opened at $23.43 on Thursday. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.94. The company's 50 day simple moving average is $23.05 and its two-hundred day simple moving average is $23.46. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly 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. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. Analysts expect that Kimco Realty Corporation will post 1.84 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. This is a boost from Kimco Realty's previous quarterly dividend of $0.26. The ex-dividend date was Friday, September 4th. Kimco Realty's dividend payout ratio (DPR) is 131.76%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Kimco Realty from $26.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, October 23rd. The Goldman Sachs Group set a $24.00 price target on Kimco Realty in a research report on Wednesday, October 7th. Mizuho cut their price target on Kimco Realty from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, September 24th. Citigroup lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Finally, Weiss Ratings cut Kimco Realty from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.71.

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.

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