AEGON ASSET MANAGEMENT UK Plc Sells 58,474 Shares of Kimco Realty Corporation $KIM

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in Kimco Realty by 8.0%, selling 58,474 shares and holding approximately 0.10% of the company valued at $14.2 million as of the last quarter.
• Institutional ownership in Kimco Realty is high, with 89.25% of the stock held by institutional investors, including several who have recently increased their positions.
• Kimco Realty's quarterly earnings exceeded expectations with an EPS of $0.44, and the company declared a quarterly dividend yielding 4.7%.

AEGON ASSET MANAGEMENT UK Plc trimmed its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675,698 shares of the real estate investment trust's stock after selling 58,474 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.10% of Kimco Realty worth $14,196,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Compound Planning Inc. lifted its holdings in shares of Kimco Realty by 3.4% in the first quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 485 shares in the last quarter. GF Fund Management CO. LTD. lifted its holdings in shares of Kimco Realty by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 517 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 530 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Kimco Realty by 6.4% in the first quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock valued at $211,000 after purchasing an additional 600 shares in the last quarter. Finally, Naviter Wealth LLC lifted its holdings in shares of Kimco Realty by 1.4% in the first quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust's stock valued at $966,000 after purchasing an additional 640 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KIM has been the topic of a number of research reports. Mizuho boosted their price target on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Barclays lifted their target price on Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Evercore ISI lifted their target price on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Monday, September 8th. Finally, LADENBURG THALM/SH SH started coverage on Kimco Realty in a research report on Tuesday, September 9th. They issued a "buy" rating and a $27.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.92.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $21.38 on Wednesday. The business's 50 day moving average price is $21.78 and its two-hundred day moving average price is $21.22. The company has a market cap of $14.48 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.53 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 twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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 for 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 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. On average, analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm 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 4.7%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Insiders Place Their Bets

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

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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