SG Americas Securities LLC Lowers Position in Kimco Realty Corporation $KIM

SG Americas Securities LLC trimmed its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 71.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,304 shares of the real estate investment trust’s stock after selling 57,063 shares during the period. SG Americas Securities LLC’s holdings in Kimco Realty were worth $487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Kimco Realty by 2.2% during the 2nd quarter. State Street Corp now owns 46,347,837 shares of the real estate investment trust’s stock valued at $974,232,000 after purchasing an additional 995,352 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 1.4% in the second quarter. Geode Capital Management LLC now owns 18,679,552 shares of the real estate investment trust’s stock worth $391,122,000 after buying an additional 260,928 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Kimco Realty by 8.3% in the second quarter. Daiwa Securities Group Inc. now owns 12,132,059 shares of the real estate investment trust’s stock worth $255,016,000 after buying an additional 924,761 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kimco Realty by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,021,054 shares of the real estate investment trust’s stock valued at $210,643,000 after buying an additional 302,258 shares during the last quarter. Finally, Norges Bank purchased a new position in Kimco Realty during the 2nd quarter valued at approximately $175,963,000. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KIM has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Wall Street Zen cut shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Citigroup decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.50 price objective on shares of Kimco Realty in a research report on Monday, January 5th. Finally, Truist Financial dropped their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.89.

Kimco Realty Stock Performance

NYSE:KIM opened at $20.98 on Friday. The firm has a market capitalization of $14.20 billion, a PE ratio of 25.27, a PEG ratio of 1.14 and a beta of 1.05. The stock’s fifty day moving average is $20.39 and its 200 day moving average is $21.17. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $23.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59.

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 the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The company had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. During the same period in the previous year, the firm earned $0.43 earnings per share. Kimco Realty’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. On average, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

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