EP Wealth Advisors LLC Invests $211,000 in Kimco Realty Corporation $KIM

EP Wealth Advisors LLC purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,935 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its holdings in Kimco Realty by 14.7% in the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock worth $423,441,000 after purchasing an additional 2,552,276 shares in the last quarter. Resolution Capital Ltd increased its holdings in shares of Kimco Realty by 13.7% during the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust’s stock worth $388,442,000 after purchasing an additional 1,992,550 shares during the period. Northern Trust Corp increased its holdings in shares of Kimco Realty by 2.8% during the 1st quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust’s stock worth $224,949,000 after purchasing an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. grew its position in Kimco Realty by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock worth $206,427,000 after buying an additional 137,249 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in Kimco Realty by 8.9% in the 1st quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock valued at $191,170,000 after acquiring an additional 733,514 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KIM has been the topic of several recent research reports. Mizuho lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Piper Sandler reduced their price objective 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. Barclays increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday. Finally, LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a research note on Tuesday. They issued a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.68.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.35 on Wednesday. The stock has a market capitalization of $15.14 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. 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. The firm has a 50 day moving average of $21.69 and a 200-day moving average of $21.14.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share 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 was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty’s dividend payout ratio is 120.48%.

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.