43,658 Kimco Realty Corporation $KIM Shares Sold by Caldwell Trust Co

Key Points

• Caldwell Trust reduced its Kimco Realty stake by 46.5% in the third quarter, selling 43,658 shares; it retained 50,319 shares valued at about $1.12 million.
• Kimco reported quarterly EPS of $0.47, slightly above estimates, while revenue of $546.15 million came in below expectations; revenue rose 3.9% year over year.
• Kimco declared a quarterly dividend of $0.28 per share, equivalent to a 4.4% annualized yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $25.88.

Caldwell Trust Co decreased its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,319 shares of the real estate investment trust's stock after selling 43,658 shares during the quarter. Caldwell Trust Co's holdings in Kimco Realty were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Root Financial Partners LLC boosted its holdings in shares of Kimco Realty by 60.7% during the 1st quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 546 shares during the last quarter. IFP Advisors Inc grew its position in shares of Kimco Realty by 37.9% during the second quarter. IFP Advisors Inc now owns 1,738 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 478 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Kimco Realty by 41.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,867 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 847 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Kimco Realty in the second quarter worth about $82,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Kimco Realty in the first quarter worth about $79,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 1.0%

Shares of KIM stock opened at $25.63 on Friday. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.81 and a quick ratio of 3.81. The stock's 50 day simple moving average is $23.16 and its two-hundred day simple moving average is $23.60. The company has a market cap of $17.03 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $546.15 million during the quarter, compared to analysts' expectations of $549.06 million. Kimco Realty had a return on equity of 7.16% and a net margin of 34.06%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Research analysts predict that Kimco Realty Corporation will post 1.85 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.28 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.4%. Kimco Realty's dividend payout ratio (DPR) is currently 104.67%.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of research reports. Truist Financial started coverage on Kimco Realty in a research note on Thursday, October 1st. They set a "hold" rating and a $24.00 price target for the company. Citigroup lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. The Goldman Sachs Group set a $24.00 price objective on Kimco Realty in a report on Wednesday, October 7th. Morgan Stanley increased their target price on Kimco Realty from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 29th. Finally, Barclays cut their target price on shares of Kimco Realty from $28.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $25.88.

Kimco Realty Company Profile

Kimco Realty Corporation is a real estate investment trust that owns, operates and develops open-air, grocery-anchored shopping centers and mixed-use properties in the United States. Its properties are designed to serve everyday consumer needs and typically include grocery stores, restaurants, service businesses, retailers and other essential tenants.

The company's portfolio is concentrated in major metropolitan areas and high-density communities, with a focus on locations that offer convenient access, strong surrounding demographics and complementary tenant mixes.

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