111 Capital Invests $738,000 in Kimco Realty Corporation $KIM

Key Points

• 111 Capital has invested approximately $738,000 in Kimco Realty Corporation by acquiring 35,095 shares, as disclosed in their recent 13F filing with the SEC.
• Kimco Realty's recent earnings report showed a net margin of 28.54% and a revenue increase of 5% year-over-year, exceeding analysts' profit expectations.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized yield of 4.7% despite a high dividend payout ratio of 120.48%.

111 Capital bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,095 shares of the real estate investment trust's stock, valued at approximately $738,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Invesco Ltd. increased its position in Kimco Realty by 14.7% during the 1st 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 during the period. Northern Trust Corp increased its position in shares of Kimco Realty by 2.8% during the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust's stock valued at $224,949,000 after buying an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Kimco Realty by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust's stock worth $206,427,000 after buying an additional 137,249 shares in the last quarter. Amundi lifted its holdings in Kimco Realty by 54.2% in the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust's stock worth $186,646,000 after buying an additional 3,253,031 shares during the period. Finally, Centersquare Investment Management LLC boosted its position in Kimco Realty by 8.9% during the 1st quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust's stock valued at $191,170,000 after acquiring an additional 733,514 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the business's stock in a transaction 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 transaction, the director owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.48 on Friday. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company's 50-day moving average is $21.80 and its 200 day moving average is $21.21. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Sell-side analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

Wall Street Analyst Weigh In

KIM has been the subject of several research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Kimco Realty in a research report on Saturday, September 27th. Barclays increased their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler lowered their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.85.

About Kimco Realty

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.

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