Entropy Technologies LP Acquires New Shares in Kimco Realty Corporation $KIM

Key Points

• Entropy Technologies LP purchased 16,258 shares of Kimco Realty Corporation, valued at approximately $345,000, indicating growing institutional interest in the real estate investment trust.
• Research analysts have provided mixed ratings for Kimco Realty, with target prices ranging from $23.00 to $28.00 and an average rating of "Moderate Buy".
• Kimco Realty reported a quarterly dividend of $0.25 per share with a yield of 4.7%, despite a dividend payout ratio exceeding 120%.

Entropy Technologies LP purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,258 shares of the real estate investment trust's stock, valued at approximately $345,000.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its stake in Kimco Realty by 14.7% during the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock worth $423,441,000 after purchasing an additional 2,552,276 shares during the last quarter. Resolution Capital Ltd lifted its stake in Kimco Realty by 13.7% during the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after purchasing an additional 1,992,550 shares during the last quarter. Northern Trust Corp lifted its stake in Kimco Realty by 55.0% during the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after purchasing an additional 3,658,528 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kimco Realty by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust's stock worth $240,010,000 after purchasing an additional 134,634 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Kimco Realty by 1.4% during 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 purchasing an additional 137,249 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 2.0%

Kimco Realty stock traded up $0.4250 during trading hours on Tuesday, reaching $21.5350. 511,359 shares of the company's stock were exchanged, compared to its average volume of 4,816,423. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm's 50 day simple moving average is $21.29 and its 200 day simple moving average is $21.11. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The firm has a market capitalization of $14.58 billion, a PE ratio of 25.95, a PEG ratio of 1.55 and a beta of 1.31.

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

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.6%. Kimco Realty's dividend payout ratio (DPR) is 120.48%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KIM shares. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays started coverage on shares of Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target for the company. Scotiabank lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. 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 report on Monday, August 4th. Finally, Raymond James Financial lowered their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and a consensus price target of $24.57.

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.