Kimco Realty Corporation $KIM Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 71.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,810 shares of the real estate investment trust’s stock after purchasing an additional 6,982 shares during the period. D.A. Davidson & CO.’s holdings in Kimco Realty were worth $353,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its position in shares of Kimco Realty by 45.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 12,700 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Kimco Realty by 4.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 4,051 shares during the period. Jump Financial LLC purchased a new position in shares of Kimco Realty during the 1st quarter worth approximately $261,000. EP Wealth Advisors LLC purchased a new position in Kimco Realty in the 1st quarter valued at approximately $211,000. Finally, Cetera Investment Advisers boosted its position in Kimco Realty by 94.0% in the 1st quarter. Cetera Investment Advisers now owns 63,327 shares of the real estate investment trust’s stock valued at $1,345,000 after buying an additional 30,683 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director owned 40,260 shares of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KIM. Wells Fargo & Company began coverage on shares of Kimco Realty in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price target for the company. Piper Sandler decreased their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Finally, 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 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.92.

Kimco Realty Trading Down 2.0%

NYSE KIM opened at $20.98 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. The firm has a market cap of $14.21 billion, a PE ratio of 25.28, a P/E/G ratio of 1.56 and a beta of 1.30. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The firm’s fifty day moving average is $21.94 and its two-hundred day moving average is $21.38.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.26 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s payout ratio is presently 120.48%.

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.