Pacific Heights Asset Management LLC Invests $15.21 Million in Kimco Realty Corporation $KIM

Key Points

• Pacific Heights Asset Management bought 600,000 Kimco Realty shares worth approximately $15.21 million, representing about 0.09% of the REIT; institutional investors collectively own 89.25% of the stock.
• Kimco reported quarterly EPS of $0.46, exceeding the $0.20 consensus estimate, 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 “Moderate Buy” consensus with an average price target of $26.56 versus the stock’s $23.86 opening price.

Pacific Heights Asset Management LLC purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 600,000 shares of the real estate investment trust's stock, valued at approximately $15,210,000. Pacific Heights Asset Management LLC owned about 0.09% of Kimco Realty as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT grew its position in shares of Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 546 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the 2nd quarter valued at $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty in the 2nd quarter valued at $42,000. Finally, Clearstead Advisors LLC grew its holdings in Kimco Realty by 92.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 1,166 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

More Kimco Realty News

Here are the key news stories impacting Kimco Realty this week:

• Positive Sentiment: JPMorgan expects upside: A JPMorgan Chase analyst said Kimco Realty’s stock price is expected to rise, adding a bullish signal for the shopping-center REIT. Kimco Realty Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says
• Positive Sentiment: New $26 price target: Kimco shares gained following coverage highlighting a fresh $26 price target and steady second-quarter performance, suggesting analysts see additional value above recent trading levels. Kimco Realty stock gains on fresh $26 price target and steady Q2 performance
• Positive Sentiment: Near-term and longer-term estimates improved: Zacks Research raised its forecasts for third-quarter 2026 EPS to $0.46 from $0.45, fourth-quarter EPS to $0.46 from $0.45, and full-year 2026 EPS to $1.84 from $1.81. It also lifted its Q2 2027 estimate to $0.48, Q2 2028 to $0.49, and FY2028 to $1.94 from $1.93, indicating modestly better expected operating performance.
• Neutral Sentiment: Forecasts remain close to consensus: Zacks’ $1.84 full-year 2026 estimate matches the current consensus, so the upgrades may already be reflected in expectations rather than representing a major earnings surprise.
• Negative Sentiment: Some estimates were trimmed: Zacks reduced its FY2027 EPS forecast to $1.87 from $1.88 and Q1 2028 EPS to $0.48 from $0.49. The small cuts introduce a modest counterpoint to the broader estimate revisions.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $23.86 on Friday. The business has a fifty day moving average price of $25.05 and a two-hundred day moving average price of $24.01. The stock has a market capitalization of $16.00 billion, a PE ratio of 28.07, a P/E/G ratio of 2.56 and a beta of 0.95. 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 Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million for 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%.Kimco Realty's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. As a group, equities analysts predict that Kimco Realty Corporation will post 1.84 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.7%. This is an increase from Kimco Realty's previous quarterly dividend of $0.26. Kimco Realty's payout ratio is 131.76%.

Analyst Upgrades and Downgrades

KIM has been the topic of several recent research reports. Barclays increased their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Kimco Realty from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 19th. Citigroup boosted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, Piper Sandler increased their target price on shares of Kimco Realty from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and a consensus target price of $26.56.

Kimco Realty Company Profile

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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