Leo Wealth LLC Makes New $212,000 Investment in Kimco Realty Corporation $KIM

Leo Wealth LLC purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, Holdings Channel reports. The fund purchased 10,074 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Compound Planning Inc. raised its holdings in shares of Kimco Realty by 3.4% during the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 485 shares in the last quarter. GF Fund Management CO. LTD. raised its holdings in shares of Kimco Realty by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 517 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 530 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 600 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in shares of Kimco Realty by 1.4% during the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE:KIM opened at $20.78 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14.07 billion, a PE ratio of 25.04, a PEG ratio of 1.54 and a beta of 1.30. The firm’s fifty day simple moving average is $21.78 and its 200 day simple moving average is $21.22. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 120.48%.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Mizuho raised their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Barclays raised their target price on shares of Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler lowered their target price on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.92.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. This trade represents a 36.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.