Cetera Investment Advisers Has $1.43 Million Stock Holdings in Kimco Realty Corporation $KIM

Cetera Investment Advisers grew its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,876 shares of the real estate investment trust’s stock after purchasing an additional 4,549 shares during the quarter. Cetera Investment Advisers’ holdings in Kimco Realty were worth $1,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KIM. Trust Co. of Toledo NA OH acquired a new position in Kimco Realty during the second quarter worth $27,000. AlphaQuest LLC acquired a new stake in Kimco Realty in the first quarter valued at $29,000. Keystone Global Partners LLC bought a new position in shares of Kimco Realty in the 1st quarter valued at about $30,000. GKV Capital Management Co. Inc. acquired a new position in shares of Kimco Realty during the 1st quarter worth about $38,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of Kimco Realty by 160.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,205 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $20.51 on Tuesday. The firm has a market cap of $13.89 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The business’s 50 day moving average is $21.11 and its 200-day moving average is $21.36. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.53.

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

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.26 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 5th. This represents a $1.04 annualized dividend and a yield of 5.1%. Kimco Realty’s dividend payout ratio is presently 125.30%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank reduced their target price on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Piper Sandler dropped their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Mizuho raised their price target on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, Evercore ISI lifted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the transaction, the director owned 40,260 shares in the company, 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. 2.20% of the stock is owned by corporate insiders.

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.