AQR Capital Management LLC Trims Stock Holdings in Kimco Realty Corporation $KIM

AQR Capital Management LLC reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 30.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,892 shares of the real estate investment trust’s stock after selling 107,658 shares during the quarter. AQR Capital Management LLC’s holdings in Kimco Realty were worth $5,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Compound Planning Inc. lifted its position in shares of Kimco Realty by 3.4% in the first quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 485 shares in the last quarter. GF Fund Management CO. LTD. increased its stake in Kimco Realty by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 530 shares during the last quarter. Horizon Investments LLC increased its stake in Kimco Realty by 6.4% in the first quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 600 shares during the last quarter. Finally, Naviter Wealth LLC increased its stake in Kimco Realty by 1.4% in the first quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 640 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

KIM stock opened at $22.41 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The firm has a market cap of $15.17 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The stock has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $21.16.

Kimco Realty (NYSE:KIM) last posted its earnings results 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. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. During the same quarter last year, the firm earned $0.41 earnings per share. The company’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 analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on KIM shares. Mizuho upped their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday. They issued a “buy” rating and a $27.00 target price for the company. Barclays upped their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Evercore ISI raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Finally, Piper Sandler cut their price objective on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.85.

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.