Czech National Bank Purchases 9,365 Shares of Kimco Realty Corporation $KIM

Czech National Bank raised its position in Kimco Realty Corporation (NYSE:KIM) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,359 shares of the real estate investment trust’s stock after purchasing an additional 9,365 shares during the period. Czech National Bank’s holdings in Kimco Realty were worth $3,476,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KIM. AlphaQuest LLC acquired a new position in Kimco Realty during the first quarter worth $29,000. Golden State Wealth Management LLC raised 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 valued at $30,000 after purchasing an additional 911 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Kimco Realty during the 1st quarter valued at approximately $30,000. WASHINGTON TRUST Co bought a new position in shares of Kimco Realty in the 1st quarter valued at $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Kimco Realty in the 1st quarter valued at $38,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

KIM opened at $21.94 on Friday. 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 company’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $21.17. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.61 and a beta of 1.32.

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 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 firm had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’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, analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. Kimco Realty’s dividend payout ratio is presently 120.48%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KIM. Piper Sandler cut their target price on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Mizuho lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Evercore ISI lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Barclays boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.