Teacher Retirement System of Texas Has $12.44 Million Stake in Kimco Realty Corporation $KIM

Teacher Retirement System of Texas reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 591,651 shares of the real estate investment trust’s stock after selling 28,304 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Kimco Realty worth $12,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH acquired a new position in Kimco Realty during the 2nd quarter worth $27,000. AlphaQuest LLC bought a new stake in Kimco Realty during the first quarter valued at about $29,000. Keystone Global Partners LLC bought a new stake in Kimco Realty during the first quarter valued at about $30,000. Golden State Wealth Management LLC boosted its holdings in 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. Finally, WASHINGTON TRUST Co bought a new stake in Kimco Realty during the first quarter valued at about $34,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM opened at $21.79 on Wednesday. The firm 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. The company has a 50 day moving average of $21.95 and a 200-day moving average of $21.38. 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 Corporation has a 1-year low of $17.93 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM) last posted 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. 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 analyst estimates of $524.75 million. During the same quarter last year, the business 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, equities analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. Kimco Realty’s dividend payout ratio (DPR) is presently 120.48%.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. Wells Fargo & Company initiated coverage on shares of Kimco Realty in a report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price target for the company. Piper Sandler decreased their price target on shares of 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 initiated coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price target for the company. Finally, Barclays upped their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.92.

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.