Kimco Realty Corporation $KIM Holdings Cut by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Kimco Realty Corporation (NYSE:KIM) by 34.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,780 shares of the real estate investment trust’s stock after selling 20,221 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kimco Realty were worth $824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its position 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 valued at $30,000 after acquiring an additional 911 shares in the last quarter. Keystone Global Partners LLC bought a new position in Kimco Realty during the first quarter valued at approximately $30,000. WASHINGTON TRUST Co bought a new position in Kimco Realty during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new position in Kimco Realty during the first quarter valued at approximately $38,000. Finally, Olde Wealth Management LLC bought a new position in Kimco Realty during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KIM shares. Piper Sandler cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Raymond James Financial cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 5th. Mizuho raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays started coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and an average price target of $24.63.

Kimco Realty Trading Up 2.9%

NYSE:KIM opened at $22.1850 on Friday. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $21.35 and its 200-day moving average is $21.11.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s quarterly 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 analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.48%.

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.