Kimco Realty Corporation $KIM Shares Purchased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. raised its position in Kimco Realty Corporation (NYSE:KIM) by 58.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,692 shares of the real estate investment trust’s stock after acquiring an additional 150,000 shares during the quarter. Analyst IMS Investment Management Services Ltd. owned approximately 0.06% of Kimco Realty worth $8,570,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its stake in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 911 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 4,051 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Kimco Realty by 7.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,660,537 shares of the real estate investment trust’s stock worth $77,750,000 after purchasing an additional 264,415 shares in the last quarter. KBC Group NV lifted its position in shares of Kimco Realty by 2.2% in the first quarter. KBC Group NV now owns 629,706 shares of the real estate investment trust’s stock valued at $13,374,000 after acquiring an additional 13,538 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Kimco Realty by 2.3% in the first quarter. Amalgamated Bank now owns 132,018 shares of the real estate investment trust’s stock valued at $2,804,000 after acquiring an additional 2,945 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Down 2.6%

Shares of NYSE KIM opened at $21.79 on Wednesday. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. 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 company has a market cap of $14.76 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30. The stock’s 50 day simple moving average is $21.95 and its 200 day simple moving average is $21.38.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities research analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

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

Analyst Ratings Changes

KIM has been the subject of several research analyst reports. Barclays upped their price target on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Piper Sandler lowered 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. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. Finally, LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price target for the company. 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 MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $24.92.

Insider Activity

In related news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction on Monday, September 29th. The stock was 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 in the company, valued at $872,031.60. The trade was a 36.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

About Kimco Realty

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.