Kimco Realty Corporation $KIM Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,091 shares of the real estate investment trust’s stock after selling 1,457 shares during the period. Exchange Traded Concepts LLC’s holdings in Kimco Realty were worth $1,221,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in Kimco Realty during the 1st quarter valued at $29,000. Keystone Global Partners LLC acquired a new stake in Kimco Realty during the 1st quarter valued at $30,000. Golden State Wealth Management LLC grew its holdings in Kimco Realty by 177.6% during the 1st 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 in the last quarter. WASHINGTON TRUST Co acquired a new stake in Kimco Realty during the 1st quarter valued at $34,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Kimco Realty during the 1st quarter valued at $38,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. 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. Mizuho upped their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Piper Sandler cut their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.85.

Kimco Realty Stock Down 0.8%

KIM stock opened at $21.78 on Tuesday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm’s 50-day simple moving average is $21.83 and its 200 day simple moving average is $21.16. The stock has a market cap of $14.75 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.59 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 analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. During the same quarter last year, the company earned $0.41 EPS. 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. As a group, sell-side analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

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