Concurrent Investment Advisors LLC Grows Position in Kimco Realty Corporation $KIM

Concurrent Investment Advisors LLC grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 2.4% in the second quarter, HoldingsChannel.com reports. The fund owned 41,523 shares of the real estate investment trust’s stock after purchasing an additional 964 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kimco Realty were worth $873,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its position in Kimco Realty by 14.7% during the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock valued at $423,441,000 after purchasing an additional 2,552,276 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Kimco Realty by 2.8% in the 1st quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust’s stock worth $224,949,000 after buying an additional 285,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kimco Realty by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock valued at $206,427,000 after buying an additional 137,249 shares in the last quarter. Amundi raised its position in shares of Kimco Realty by 54.2% during the 1st quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after buying an additional 3,253,031 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 8.9% during the 1st quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock worth $191,170,000 after acquiring an additional 733,514 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Down 0.4%

Shares of KIM stock opened at $21.62 on Friday. The business has a 50-day moving average of $21.80 and a 200 day moving average of $21.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a market capitalization of $14.64 billion, a PE ratio of 26.05, a P/E/G ratio of 1.58 and a beta of 1.30.

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

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio is currently 120.48%.

Analysts Set New Price Targets

A number of research analysts recently commented on KIM shares. Evercore ISI increased their target price on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. Mizuho raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Piper Sandler cut their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, Barclays lifted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. One investment 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.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $24.92.

Insiders Place Their Bets

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 owned 40,260 shares of the company’s stock, valued at $872,031.60. This trade represents a 36.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by 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.