Naviter Wealth LLC Buys 3,535 Shares of Kimco Realty Corporation $KIM

Naviter Wealth LLC raised its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,690 shares of the real estate investment trust’s stock after acquiring an additional 3,535 shares during the quarter. Naviter Wealth LLC’s holdings in Kimco Realty were worth $1,044,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Trust Co. of Toledo NA OH bought a new position in shares of Kimco Realty during the second quarter valued at $27,000. AlphaQuest LLC bought a new position in shares of Kimco Realty during the first quarter valued at $29,000. Golden State Wealth Management LLC lifted its holdings in shares of 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 during the period. Keystone Global Partners LLC bought a new position in shares of Kimco Realty during the first quarter valued at $30,000. Finally, WASHINGTON TRUST Co bought a new position in shares of Kimco Realty during the first quarter valued at $34,000. 89.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KIM. LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays lifted their price target on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Finally, Piper Sandler cut their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.92.

Insiders Place Their Bets

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the business’s stock in a transaction dated 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 directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. The trade was a 36.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $21.38 on Wednesday. The stock has a market capitalization of $14.48 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.53 and a beta of 1.30. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. 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 business has a 50-day moving average price of $21.78 and a two-hundred day moving average price of $21.22.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $525.18 million during the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty’s payout ratio is currently 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.