Ethic Inc. Has $1.10 Million Stock Position in Kimco Realty Corporation $KIM

Ethic Inc. raised its holdings in Kimco Realty Corporation (NYSE:KIM) by 195.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,597 shares of the real estate investment trust’s stock after buying an additional 34,807 shares during the quarter. Ethic Inc.’s holdings in Kimco Realty were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Schulhoff & Co. Inc. increased its holdings in shares of Kimco Realty by 8.3% during the second quarter. Schulhoff & Co. Inc. now owns 16,303 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 1,250 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Kimco Realty by 71.0% during the second quarter. D.A. Davidson & CO. now owns 16,810 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 6,982 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Kimco Realty by 1.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 399,716 shares of the real estate investment trust’s stock worth $8,399,000 after buying an additional 4,089 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kimco Realty during the second quarter worth $14,618,000. Finally, Chevy Chase Trust Holdings LLC grew its holdings in Kimco Realty by 0.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 357,322 shares of the real estate investment trust’s stock worth $7,511,000 after buying an additional 958 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the subject of several recent research reports. Barclays upped their price target on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Piper Sandler decreased 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. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Company assumed coverage on Kimco Realty in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, Mizuho upped their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. One investment 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. According to MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.92.

Kimco Realty Stock Up 0.5%

Shares of NYSE KIM opened at $22.34 on Monday. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The business’s fifty day moving average price is $21.93 and its 200-day moving average price is $21.35. The stock has a market capitalization of $15.13 billion, a PE ratio of 26.91, a P/E/G ratio of 1.63 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last issued 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 return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.25 per share. 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 currently 120.48%.

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the 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 sale, the director owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

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.