Squarepoint Ops LLC Lowers Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• Squarepoint Ops LLC reduced its Kimco Realty holdings by 43.3% in the second quarter, selling 77,185 shares and retaining 101,062 shares valued at approximately $2.56 million. Institutional investors and hedge funds collectively own 89.25% of KIM.
• Analysts maintain a generally favorable outlook, with Kimco receiving a consensus “Moderate Buy” rating and an average price target of $26.53. UBS and Wolfe Research raised their ratings or targets, while several other firms remain neutral.
• Kimco reported quarterly EPS of $0.46, beating estimates of $0.20, while revenue rose 4.9% year over year to $550.8 million. The REIT also increased its quarterly dividend to $0.28 per share, implying a 4.8% annual yield.

Squarepoint Ops LLC cut its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 43.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,062 shares of the real estate investment trust's stock after selling 77,185 shares during the quarter. Squarepoint Ops LLC's holdings in Kimco Realty were worth $2,562,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in Kimco Realty by 32.7% in the 2nd quarter. Allworth Financial LP now owns 6,067 shares of the real estate investment trust's stock valued at $154,000 after acquiring an additional 1,494 shares during the period. Arizona State Retirement System boosted its stake in shares of Kimco Realty by 5.1% in the second quarter. Arizona State Retirement System now owns 193,263 shares of the real estate investment trust's stock worth $4,899,000 after acquiring an additional 9,332 shares during the last quarter. Bank OZK increased its position in shares of Kimco Realty by 13.6% during the second quarter. Bank OZK now owns 103,191 shares of the real estate investment trust's stock worth $2,616,000 after purchasing an additional 12,364 shares in the last quarter. Nykredit A S purchased a new stake in shares of Kimco Realty during the second quarter worth approximately $4,380,000. Finally, Parkside Financial Bank & Trust raised its stake in 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 purchasing an additional 847 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KIM shares. UBS Group raised their price objective on Kimco Realty from $26.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Jefferies Financial Group upgraded shares of Kimco Realty to a "hold" rating in a research report on Friday, June 26th. Citigroup boosted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Wolfe Research raised shares of Kimco Realty from a "peer perform" rating to an "outperform" rating and set a $28.00 price objective for the company in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $28.00 price objective on shares of Kimco Realty in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.

Kimco Realty Stock Up 0.0%

KIM stock opened at $23.19 on Monday. The firm has a market cap of $15.56 billion, a PE ratio of 27.29, a PEG ratio of 2.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The firm's 50 day moving average price is $24.71 and its 200-day moving average price is $24.10. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.65.

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, topping the consensus estimate of $0.20 by $0.26. The company had revenue of $550.80 million during the quarter, compared to analysts' expectations of $543.75 million. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm's quarterly revenue 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. On average, equities research analysts anticipate that Kimco Realty Corporation will post 1.84 EPS for the current year.

Kimco Realty Increases Dividend

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

Kimco Realty Profile

Kimco Realty Corporation NYSE: KIM is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties. Its properties are generally located in established communities and are designed to serve everyday consumer needs, with tenants that may include grocery stores, restaurants, retailers, service providers and other businesses.

The company's portfolio is concentrated in major metropolitan areas across the United States, including markets in coastal and Sun Belt regions.

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