DekaBank Deutsche Girozentrale Acquires 4,089 Shares of Kimco Realty Corporation $KIM

DekaBank Deutsche Girozentrale boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,716 shares of the real estate investment trust’s stock after purchasing an additional 4,089 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Kimco Realty worth $8,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Kimco Realty during the second quarter worth about $14,618,000. Chevy Chase Trust Holdings LLC lifted its stake in Kimco Realty by 0.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 357,322 shares of the real estate investment trust’s stock worth $7,511,000 after purchasing an additional 958 shares during the period. Nordea Investment Management AB increased its holdings in shares of Kimco Realty by 2.9% during the second quarter. Nordea Investment Management AB now owns 58,100 shares of the real estate investment trust’s stock worth $1,211,000 after buying an additional 1,656 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Kimco Realty by 0.5% during the second quarter. TD Asset Management Inc now owns 238,523 shares of the real estate investment trust’s stock worth $5,014,000 after buying an additional 1,171 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Kimco Realty by 59.8% during the second quarter. Wilmington Savings Fund Society FSB now owns 148,612 shares of the real estate investment trust’s stock worth $3,124,000 after buying an additional 55,603 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

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 that occurred 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 transaction, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KIM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Company started coverage on shares of Kimco Realty in a report on Tuesday. They set an “equal weight” rating and a $23.00 price objective for the company. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Evercore ISI raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.92.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $22.23 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a market cap of $15.05 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.63 and a beta of 1.30. The firm has a 50 day simple moving average of $21.90 and a 200 day simple moving average of $21.29. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $525.18 million during 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%. Kimco Realty’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Sell-side analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.48%.

Kimco Realty 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.