National Pension Service Purchases 8,263 Shares of Kimco Realty Corporation $KIM

National Pension Service lifted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,961 shares of the real estate investment trust’s stock after buying an additional 8,263 shares during the quarter. National Pension Service’s holdings in Kimco Realty were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in Kimco Realty during the 2nd quarter worth about $27,000. AlphaQuest LLC acquired a new position in shares of Kimco Realty in the 1st quarter valued at about $29,000. Keystone Global Partners LLC bought a new stake in shares of Kimco Realty during the 1st quarter valued at about $30,000. GKV Capital Management Co. Inc. acquired a new stake in Kimco Realty during the first quarter worth approximately $38,000. Finally, ST Germain D J Co. Inc. increased its holdings in Kimco Realty by 160.7% in the second quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the transaction, the director directly owned 40,260 shares in the company, valued at approximately $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 accessible through the SEC website. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. 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 report on Monday, September 8th. Wells Fargo & Company started coverage on shares of Kimco Realty in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 target price on the stock. Barclays raised their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.27.

Kimco Realty Stock Performance

KIM opened at $20.41 on Friday. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.56 and a beta of 1.28. The company’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $21.40. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company had revenue of $535.86 million during the quarter, compared to the consensus estimate of $522.31 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.26 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, December 5th. Kimco Realty’s dividend payout ratio is 125.30%.

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.