Arkadios Wealth Advisors Acquires Shares of 33,852 Kimco Realty Corporation (NYSE:KIM)

Key Points

• Arkadios Wealth Advisors has acquired 33,852 shares of Kimco Realty Corporation valued at approximately $719,000, indicating active interest in the real estate investment trust.
• Kimco Realty recently reported earnings of $0.44 per share, surpassing expectations, with a net margin of 28.54% and a revenue growth of 5% compared to the previous year.
• The company announced a quarterly dividend of $0.25, with a yield of 4.8%, while its dividend payout ratio currently stands at 120.48%.

Arkadios Wealth Advisors purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,852 shares of the real estate investment trust's stock, valued at approximately $719,000.

Several other large investors have also made changes to their positions in the business. Golden State Wealth Management LLC lifted its holdings in Kimco Realty by 177.6% in the first 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 last quarter. WASHINGTON TRUST Co purchased a new stake in Kimco Realty in the first quarter valued at approximately $34,000. Olde Wealth Management LLC acquired a new position in shares of Kimco Realty in the 1st quarter valued at $41,000. Headlands Technologies LLC acquired a new stake in Kimco Realty in the fourth quarter valued at about $45,000. Finally, Sentry Investment Management LLC purchased a new position in Kimco Realty in the first quarter worth $45,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on KIM. Raymond James Financial decreased their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Piper Sandler lowered their price objective on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays assumed coverage on Kimco Realty in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.57.

Kimco Realty Price Performance

Kimco Realty stock traded down $0.21 during mid-day trading on Thursday, hitting $21.13. 1,981,970 shares of the company traded hands, compared to its average volume of 4,896,896. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The stock has a fifty day moving average price of $21.28 and a 200-day moving average price of $21.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.47 and a current ratio of 3.92.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. During the same period in the previous year, the firm earned $0.41 EPS. The company's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Kimco Realty Corporation will post 1.71 earnings per share 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. Investors of record on Friday, September 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's dividend payout ratio is currently 120.48%.

Kimco Realty Profile

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.