Allianz Asset Management GmbH Has $20.59 Million Holdings in Kimco Realty Corporation $KIM

Key Points

• Allianz Asset Management GmbH has reduced its stake in Kimco Realty Corporation by 16.8%, now holding approximately $20.59 million worth of shares as of their latest SEC filing.
• Kimco Realty recently announced a $0.25 quarterly dividend, representing an annualized yield of 4.6%, with a payout ratio of 120.48%.
• Analysts have varied ratings for Kimco Realty, with an average rating of "Moderate Buy" and a price target averaging $24.92, according to recent evaluations.

Allianz Asset Management GmbH lessened its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 979,359 shares of the real estate investment trust's stock after selling 198,270 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.14% of Kimco Realty worth $20,586,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Kimco Realty in the 2nd quarter valued at approximately $27,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $29,000. Keystone Global Partners LLC acquired a new stake in shares of Kimco Realty in the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its stake in Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 911 shares during the period. Finally, WASHINGTON TRUST Co bought a new stake in Kimco Realty in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KIM shares. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a "buy" rating and a $27.00 price target on the stock. Mizuho increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Piper Sandler dropped their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Barclays increased their price target on Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.92.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction 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 sale, the director directly owned 40,260 shares of the company's stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company's stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $21.87 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The stock's fifty day moving average price is $21.82 and its two-hundred day moving average price is $21.24. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.59 and a beta of 1.30.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same period in the prior year, the firm posted $0.41 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

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

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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