Kimco Realty Corporation $KIM Shares Sold by B&I Capital AG

B&I Capital AG cut its stake in Kimco Realty Corporation (NYSE:KIM) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,780 shares of the real estate investment trust’s stock after selling 102,350 shares during the quarter. Kimco Realty makes up 3.1% of B&I Capital AG’s portfolio, making the stock its 10th biggest holding. B&I Capital AG owned 0.06% of Kimco Realty worth $9,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Kimco Realty by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 18,679,552 shares of the real estate investment trust’s stock valued at $391,122,000 after buying an additional 260,928 shares in the last quarter. Northern Trust Corp increased its holdings in 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 worth $224,949,000 after buying an additional 285,824 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Kimco Realty by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,021,054 shares of the real estate investment trust’s stock worth $210,643,000 after buying an additional 302,258 shares during the last quarter. Finally, Amundi raised its position in Kimco Realty by 54.2% during the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after acquiring an additional 3,253,031 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KIM has been the subject of several recent research reports. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Scotiabank decreased their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on 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. Finally, Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.27.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Down 0.2%

Kimco Realty stock opened at $20.63 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm has a fifty day moving average price of $21.19 and a two-hundred day moving average price of $21.38. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.56 and a beta of 1.28.

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, topping analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently declared 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 represents a $1.04 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 5th. Kimco Realty’s dividend payout ratio is presently 125.30%.

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.