Kimco Realty Corporation $KIM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its Kimco stake by 5.9% in Q4, selling 127,756 shares and now holds 2,045,871 shares (about 0.30% of the company) valued at $41.47 million.
• The analyst consensus is a Moderate Buy with a $24.70 average price target; ratings are mixed (one Strong Buy, six Buy, seven Hold) and recent target moves range roughly $21–$26.
• Kimco shares trade around $23.49 with a 1‑year range of $19.59–$23.91, and the REIT pays a quarterly dividend of $0.26 (annual $1.04) for a 4.4% yield, though the dividend payout ratio is a high 128.4%.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,045,871 shares of the real estate investment trust's stock after selling 127,756 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.30% of Kimco Realty worth $41,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Kimco Realty during the third quarter worth about $27,000. City Holding Co. acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $30,000. Brown Lisle Cummings Inc. grew 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 purchasing an additional 840 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in Kimco Realty in the 2nd quarter valued at approximately $42,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, March 19th. Mizuho set a $21.00 target price on Kimco Realty in a report on Friday, January 9th. Barclays reiterated an "overweight" rating and set a $25.00 target price on shares of Kimco Realty in a report on Tuesday, January 13th. Evercore set a $24.00 target price on Kimco Realty in a report on Friday, February 13th. Finally, UBS Group lowered their target price on Kimco Realty from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and a consensus price target of $24.70.

Kimco Realty Stock Down 0.5%

Shares of NYSE KIM opened at $23.49 on Thursday. Kimco Realty Corporation has a 1 year low of $19.59 and a 1 year high of $23.91. The firm's 50 day moving average price is $22.85 and its 200 day moving average price is $21.50. The firm has a market cap of $15.84 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a dividend of $0.26 per share. The ex-dividend date was Friday, March 6th. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. Kimco Realty's dividend payout ratio (DPR) is 128.40%.

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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