Carnegie Investment Counsel Buys 39,092 Shares of Kimco Realty Corporation $KIM

Carnegie Investment Counsel lifted its position in Kimco Realty Corporation (NYSE:KIM) by 196.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,989 shares of the real estate investment trust’s stock after purchasing an additional 39,092 shares during the quarter. Carnegie Investment Counsel’s holdings in Kimco Realty were worth $1,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC increased its stake in Kimco Realty by 5.1% in the 2nd quarter. Jump Financial LLC now owns 12,932 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 633 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Kimco Realty by 6.5% in the third quarter. Farther Finance Advisors LLC now owns 10,556 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 640 shares in the last quarter. EP Wealth Advisors LLC increased its position in Kimco Realty by 6.8% in the second quarter. EP Wealth Advisors LLC now owns 10,609 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 674 shares during the last quarter. Signaturefd LLC increased its position in Kimco Realty by 8.8% in the second quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 739 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Kimco Realty by 3.3% during the second quarter. NewEdge Advisors LLC now owns 23,881 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 762 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Argus reiterated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research report on Monday, December 1st. Scotiabank decreased their price objective on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Wells Fargo & Company cut their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.33.

Kimco Realty Stock Down 0.3%

Shares of NYSE KIM opened at $20.37 on Monday. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $23.71. The firm has a 50-day simple moving average of $20.62 and a two-hundred day simple moving average of $21.25. The company has a market cap of $13.79 billion, a P/E ratio of 24.54, a PEG ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The firm had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’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. Research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.26 dividend. The ex-dividend date was Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimco Realty’s dividend payout ratio (DPR) is currently 125.30%.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.