Kimco Realty Corporation $KIM Shares Acquired by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its stake in Kimco Realty Corporation (NYSE:KIM) by 58.2% during the second quarter, HoldingsChannel.com reports. The fund owned 407,692 shares of the real estate investment trust’s stock after buying an additional 150,000 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Kimco Realty were worth $8,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KIM. Trust Co. of Toledo NA OH acquired a new position in shares of Kimco Realty in the 2nd quarter worth $27,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty in the first quarter worth $29,000. Golden State Wealth Management LLC boosted its position in shares of Kimco Realty by 177.6% in 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 buying an additional 911 shares during the period. Keystone Global Partners LLC acquired a new stake in shares of Kimco Realty in the first quarter worth $30,000. Finally, WASHINGTON TRUST Co acquired a new stake in shares of Kimco Realty in the first quarter worth $34,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the firm’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 transaction, the director directly owned 40,260 shares in the company, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Price Performance

KIM opened at $21.79 on Wednesday. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.63 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 stock has a fifty day moving average price of $21.95 and a 200 day moving average price of $21.38.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced 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 4.6%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Kimco Realty in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 target price for the company. Piper Sandler decreased their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Mizuho raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Finally, Evercore ISI raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.92.

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.