230,760 Shares in Kimco Realty Corporation $KIM Bought by OLD National Bancorp IN

OLD National Bancorp IN purchased a new stake in Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 230,760 shares of the real estate investment trust’s stock, valued at approximately $4,851,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KIM. First Citizens Bank & Trust Co. lifted its stake in shares of Kimco Realty by 2.7% in the first quarter. First Citizens Bank & Trust Co. now owns 102,997 shares of the real estate investment trust’s stock valued at $2,188,000 after buying an additional 2,686 shares during the period. Vert Asset Management LLC raised its holdings in Kimco Realty by 6.0% in the 1st quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust’s stock valued at $6,707,000 after acquiring an additional 17,966 shares in the last quarter. Ibex Wealth Advisors lifted its position in shares of Kimco Realty by 10.4% in the 1st quarter. Ibex Wealth Advisors now owns 13,113 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 1,236 shares during the period. SG Americas Securities LLC grew its holdings in shares of Kimco Realty by 3,689.2% during the 1st quarter. SG Americas Securities LLC now owns 709,410 shares of the real estate investment trust’s stock worth $15,068,000 after purchasing an additional 690,688 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Kimco Realty by 20.0% during the first quarter. Handelsbanken Fonder AB now owns 193,542 shares of the real estate investment trust’s stock valued at $4,111,000 after purchasing an additional 32,300 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KIM. LADENBURG THALM/SH SH began coverage on Kimco Realty in a research report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price for the company. Barclays raised their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Mizuho upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Saturday, September 27th. Finally, Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Insider Activity at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the business’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 completion of the sale, the director owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction 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.

Kimco Realty Stock Up 0.5%

Shares of NYSE KIM opened at $21.48 on Monday. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The firm’s 50-day simple moving average is $21.80 and its 200 day simple moving average is $21.22. 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 has a market cap of $14.54 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share 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 company had revenue of $525.18 million during the quarter, compared to the consensus estimate of $524.75 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue 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, research 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 disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 120.48%.

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.