695,453 Shares in Kimco Realty Corporation $KIM Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al acquired 695,453 shares of Kimco Realty Corporation valued at approximately $14.6 million, representing about 0.10% ownership in the company.
• Kimco Realty reported earnings per share (EPS) of $0.44 for the most recent quarter, beating analyst expectations, with a year-over-year revenue increase of 5.0%.
• The company declared a quarterly dividend of $0.25 per share, translating to an annualized yield of 4.6%, with a payout ratio of 120.48%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 695,453 shares of the real estate investment trust's stock, valued at approximately $14,618,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of Kimco Realty as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in Kimco Realty during the second quarter worth $27,000. AlphaQuest LLC acquired a new position in Kimco Realty during the first quarter worth $29,000. Keystone Global Partners LLC acquired a new position in Kimco Realty during the first quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares during the last quarter. Finally, WASHINGTON TRUST Co acquired a new position in shares of Kimco Realty in the first quarter worth $34,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the sale, the director owned 40,260 shares of the company's stock, valued at approximately $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company's stock.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.87 on Monday. The company has a market cap of $14.81 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.59 and a beta of 1.30. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The business has a fifty day simple moving average of $21.82 and a 200-day simple moving average of $21.24.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business 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 for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Analyst Ratings Changes

KIM has been the subject of a number of analyst reports. Piper Sandler cut their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Kimco Realty in a report on Wednesday, October 8th. Barclays boosted their price target on Kimco Realty from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Finally, Mizuho boosted their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.92.

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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