Campbell & CO Investment Adviser LLC Invests $332,000 in Kimco Realty Corporation $KIM

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,781 shares of the real estate investment trust’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KIM. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Kimco Realty by 8.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,768,920 shares of the real estate investment trust’s stock valued at $37,183,000 after purchasing an additional 143,768 shares during the period. Aviva PLC lifted its holdings in Kimco Realty by 9.2% in the second quarter. Aviva PLC now owns 506,787 shares of the real estate investment trust’s stock valued at $10,653,000 after buying an additional 42,607 shares during the period. Metis Global Partners LLC boosted its stake in Kimco Realty by 20.7% in the second quarter. Metis Global Partners LLC now owns 136,425 shares of the real estate investment trust’s stock valued at $2,868,000 after acquiring an additional 23,371 shares during the last quarter. Bryn Mawr Trust Advisors LLC boosted its position in shares of Kimco Realty by 9.8% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 314,360 shares of the real estate investment trust’s stock worth $6,608,000 after purchasing an additional 28,003 shares during the last quarter. Finally, Twin Capital Management Inc. grew its stake in shares of Kimco Realty by 1.7% during the second quarter. Twin Capital Management Inc. now owns 181,011 shares of the real estate investment trust’s stock worth $3,805,000 after purchasing an additional 2,964 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

NYSE KIM opened at $20.41 on Monday. 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 stock has a market cap of $13.82 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.56 and a beta of 1.28. The business has a 50 day simple moving average of $21.51 and a 200 day simple moving average of $21.41. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share 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. Investors of record on Friday, December 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio (DPR) is currently 125.30%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KIM shares. LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price on the stock. Scotiabank cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Mizuho upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.27.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty 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 sale, the director owned 40,260 shares of the company’s stock, valued at $872,031.60. This trade represents a 36.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

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.