DekaBank Deutsche Girozentrale Acquires 4,089 Shares of Kimco Realty Corporation $KIM

DekaBank Deutsche Girozentrale raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 1.0% during the second quarter, Holdings Channel.com reports. The fund owned 399,716 shares of the real estate investment trust’s stock after purchasing an additional 4,089 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kimco Realty were worth $8,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new position in Kimco Realty in the second quarter valued at approximately $27,000. AlphaQuest LLC bought a new position in shares of Kimco Realty during the first quarter worth $29,000. Keystone Global Partners LLC bought a new position in shares of Kimco Realty during the first quarter worth $30,000. Golden State Wealth Management LLC boosted its position 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 worth $30,000 after purchasing an additional 911 shares in the last quarter. Finally, WASHINGTON TRUST Co bought a new position in shares of Kimco Realty during the first quarter worth $34,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Down 0.8%

KIM opened at $22.23 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.63 and a beta of 1.30. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The firm’s fifty day simple moving average is $21.90 and its 200 day simple moving average is $21.29. 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 quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, research analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

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

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction on 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 in the company, valued at approximately $872,031.60. The trade was a 36.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KIM. Piper Sandler reduced their price target 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. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company began coverage on shares of Kimco Realty in a research report on Tuesday. They set an “equal weight” rating and a $23.00 price target on the stock. Evercore ISI lifted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. Finally, Barclays lifted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.92.

Kimco Realty Company 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.