Machina Capital S.A.S. Takes $455,000 Position in Kimco Realty Corporation $KIM

Machina Capital S.A.S. acquired a new stake in Kimco Realty Corporation (NYSE:KIM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 21,666 shares of the real estate investment trust’s stock, valued at approximately $455,000.

Other large investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Kimco Realty in the 2nd quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $29,000. Keystone Global Partners LLC bought a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $30,000. GKV Capital Management Co. Inc. bought a new stake in Kimco Realty during the 1st quarter worth approximately $38,000. Finally, ST Germain D J Co. Inc. grew its position in Kimco Realty by 160.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,205 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 0.5%

NYSE:KIM opened at $20.47 on Wednesday. The stock’s fifty day moving average price is $21.84 and its two-hundred day moving average price is $21.40. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 1.56 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. 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. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.04 annualized dividend and a yield of 5.1%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio (DPR) is currently 125.30%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KIM shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Mizuho increased their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company started coverage on Kimco Realty in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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 company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the transaction, the director owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.