Kimco Realty Corporation $KIM Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its stake in Kimco Realty Corporation (NYSE:KIM) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,107 shares of the real estate investment trust’s stock after purchasing an additional 739 shares during the period. Signaturefd LLC’s holdings in Kimco Realty were worth $191,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of 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 valued at $423,441,000 after purchasing an additional 2,552,276 shares during the period. Northern Trust Corp increased its holdings in shares of Kimco Realty by 2.8% in the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust’s stock valued at $224,949,000 after purchasing an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Kimco Realty by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock valued at $206,427,000 after purchasing an additional 137,249 shares during the period. Amundi increased its holdings in shares of Kimco Realty by 54.2% in the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after purchasing an additional 3,253,031 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in shares of Kimco Realty by 8.9% in the first 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 purchasing an additional 733,514 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.8%

KIM opened at $21.34 on Friday. The business’s fifty day moving average is $21.81 and its two-hundred day moving average is $21.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.56 and a beta of 1.31. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.Kimco Realty’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio is currently 120.48%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. This 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 is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KIM. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Piper Sandler dropped 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. Evercore ISI upped 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. LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Barclays upped their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.85.

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.