Amundi Reduces Stock Position in Kimco Realty Corporation $KIM

Key Points

• Amundi cut its Kimco Realty stake by 11% in the second quarter, selling 482,109 shares and retaining 3.88 million shares worth approximately $98.5 million. Institutional investors collectively own 89.25% of the REIT.
• Kimco reported quarterly EPS of $0.46, exceeding the $0.20 analyst consensus, while revenue rose 4.9% year over year to $550.8 million. The company reaffirmed fiscal 2026 EPS guidance of $1.83–$1.84.
• Kimco increased its quarterly dividend to $0.28 per share, equivalent to a 4.7% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $26.53, compared with a recent share price of $23.59.

Amundi trimmed its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,884,213 shares of the real estate investment trust's stock after selling 482,109 shares during the period. Amundi owned about 0.58% of Kimco Realty worth $98,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KIM. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kimco Realty in the 2nd quarter valued at $49,800,000. California State Teachers Retirement System increased its stake in Kimco Realty by 2,156.5% in the second quarter. California State Teachers Retirement System now owns 24,275,059 shares of the real estate investment trust's stock valued at $615,373,000 after purchasing an additional 23,199,273 shares during the last quarter. Readystate Asset Management LP acquired a new position in Kimco Realty in the second quarter valued at $591,000. Wedmont Private Capital purchased a new position in Kimco Realty during the second quarter worth about $243,000. Finally, Saudi Central Bank lifted its position in Kimco Realty by 88.8% during the second quarter. Saudi Central Bank now owns 47,185 shares of the real estate investment trust's stock worth $1,196,000 after buying an additional 22,189 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.7%

Shares of NYSE KIM opened at $23.59 on Thursday. The stock has a fifty day moving average price of $24.79 and a 200 day moving average price of $24.10. The company has a market cap of $15.82 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.73 and a beta of 0.93. Kimco Realty Corporation has a 12-month low of $19.76 and a 12-month high of $26.65. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.84.

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

Kimco Realty Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group restated a "neutral" rating and issued a $28.00 price target on shares of Kimco Realty in a report on Tuesday, August 11th. Wolfe Research raised shares of Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price target on the stock in a research note on Monday, June 22nd. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Wells Fargo & Company increased their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average price target of $26.53.

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.

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