Schulhoff & Co. Inc. Acquires 1,250 Shares of Kimco Realty Corporation $KIM

Schulhoff & Co. Inc. grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,303 shares of the real estate investment trust’s stock after acquiring an additional 1,250 shares during the period. Schulhoff & Co. Inc.’s holdings in Kimco Realty were worth $343,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Compound Planning Inc. increased its stake in shares of Kimco Realty by 3.4% in the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 485 shares in the last quarter. GF Fund Management CO. LTD. increased its stake in shares of Kimco Realty by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 517 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 530 shares in the last quarter. Horizon Investments LLC increased its stake in Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 600 shares in the last quarter. Finally, Naviter Wealth LLC grew its stake in shares of Kimco Realty by 1.4% in the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock worth $966,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KIM shares. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Barclays upped their target price on shares of 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 reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company initiated coverage on shares of Kimco Realty in a research report on Tuesday. They set an “equal weight” rating and a $23.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.92.

Kimco Realty Trading Up 1.0%

Shares of Kimco Realty stock opened at $22.23 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 market cap of $15.05 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.60 and a beta of 1.30. 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’s 50-day moving average price is $21.86 and its 200-day moving average price is $21.26.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.