Caldwell Trust Co Buys 42,329 Shares of Kimco Realty Corporation $KIM

Caldwell Trust Co raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 832.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,411 shares of the real estate investment trust’s stock after acquiring an additional 42,329 shares during the period. Caldwell Trust Co’s holdings in Kimco Realty were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KIM. Trust Co. of Toledo NA OH bought a new stake in shares of Kimco Realty in the 2nd quarter worth about $27,000. City Holding Co. bought a new position in Kimco Realty during the 3rd quarter valued at about $30,000. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty in the 2nd quarter worth about $37,000. ST Germain D J Co. Inc. lifted its stake in Kimco Realty by 160.7% in the second 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. Finally, Lavaca Capital LLC lifted its stake in Kimco Realty by 869.5% in the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on KIM shares. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. Argus reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Kimco Realty in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. UBS Group lowered their target price on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley set a $23.50 price target on shares of Kimco Realty in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.35.

Kimco Realty Price Performance

KIM opened at $20.63 on Friday. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.42 and a beta of 1.05. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.65. The business’s fifty day simple moving average is $20.32 and its 200-day simple moving average is $21.21.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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 return on equity of 5.60% and a net margin of 28.24%.The firm had revenue of $535.86 million during the quarter, compared to the consensus estimate of $522.31 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, equities research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio 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.