Alberta Investment Management Corp Makes New $5.03 Million Investment in Kimco Realty Corporation $KIM

Alberta Investment Management Corp acquired a new position in Kimco Realty Corporation (NYSE:KIM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 239,343 shares of the real estate investment trust’s stock, valued at approximately $5,031,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compound Planning Inc. boosted its holdings in shares of Kimco Realty by 3.4% during the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 485 shares in the last quarter. Horizon Investments LLC grew its holdings in Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 600 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of Kimco Realty by 4.1% in the first quarter. Meeder Advisory Services Inc. now owns 16,412 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 653 shares during the last quarter. Signaturefd LLC increased its position in shares of Kimco Realty by 8.8% during the 2nd quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 739 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Kimco Realty by 4.9% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,634 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 823 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Activity at Kimco Realty

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 stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the transaction, the director directly owned 40,260 shares of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

Kimco Realty stock opened at $20.41 on Monday. The stock has a fifty day moving average of $21.51 and a two-hundred day moving average of $21.41. 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 capitalization of $13.82 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.56 and a beta of 1.28. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM) last issued its earnings results 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 business had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.26 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 125.30%.

Wall Street Analyst Weigh In

KIM has been the topic of several recent research reports. Mizuho upped their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Piper Sandler cut their price objective 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. Finally, Wells Fargo & Company started coverage on Kimco Realty in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.27.

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.