Kimco Realty Corporation $KIM Shares Acquired by Amundi

Key Points

• Amundi increased its stake in Kimco Realty Corporation by 54.2%, owning approximately 9.25 million shares valued at $186.65 million as of the latest SEC filing.
• Analysts have set new target prices for Kimco Realty, with Barclays raising its target from $25.00 to $26.00, and Piper Sandler lowering it from $28.00 to $26.00.
• Kimco Realty has announced a quarterly dividend of $0.25 per share, representing an annualized yield of 4.4%, with a dividend payout ratio currently at 120.48%.

Amundi lifted its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,252,421 shares of the real estate investment trust's stock after purchasing an additional 3,253,031 shares during the period. Amundi owned about 1.37% of Kimco Realty worth $186,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Compound Planning Inc. boosted its holdings in shares of Kimco Realty by 3.4% during the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock worth $313,000 after purchasing an additional 485 shares during the last quarter. GF Fund Management CO. LTD. boosted its holdings in shares of Kimco Realty by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 517 shares during the last quarter. Global Assets Advisory LLC boosted its holdings in shares of Kimco Realty by 5.4% during the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 530 shares during the last quarter. Finally, Horizon Investments LLC boosted its holdings in shares of Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock worth $211,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the topic of several analyst reports. Piper Sandler reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Mizuho lifted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Barclays lifted their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and a consensus target price of $24.75.

Kimco Realty Trading Down 0.2%

NYSE KIM traded down $0.04 on Friday, reaching $22.76. The stock had a trading volume of 3,581,800 shares, compared to its average volume of 3,272,083. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.65 and a beta of 1.32. 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 12-month low of $17.93 and a 12-month high of $25.83. The stock has a fifty day moving average price of $21.64 and a two-hundred day moving average price of $21.12.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, sell-side analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. Kimco Realty's payout ratio is presently 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.