B. Metzler seel. Sohn & Co. AG Trims Position in Kimco Realty Corporation $KIM

Key Points

• B. Metzler seel. Sohn & Co. AG has significantly reduced its stake in Kimco Realty by 72%, selling 40,404 shares, and now holds 15,720 shares valued at $334,000.
• Despite B. Metzler's sell-off, other large investors like Caisse DE Depot ET Placement DU Quebec increased their holdings in Kimco Realty by nearly 50%, highlighting contrasting investor confidence.
• Kimco Realty recently reported better-than-expected quarterly earnings with an EPS of $0.44, surpassing estimates, and announced a dividend of $0.25 per share, indicating ongoing financial strength.

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 72.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,720 shares of the real estate investment trust's stock after selling 40,404 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Kimco Realty were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Stifel Financial Corp increased its stake in shares of Kimco Realty by 3.7% during the fourth quarter. Stifel Financial Corp now owns 74,776 shares of the real estate investment trust's stock worth $1,752,000 after acquiring an additional 2,659 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Kimco Realty during the fourth quarter worth about $546,000. Lido Advisors LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth about $391,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Kimco Realty by 248.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 93,802 shares of the real estate investment trust's stock worth $2,198,000 after acquiring an additional 66,918 shares during the period. Finally, AXA S.A. increased its stake in shares of Kimco Realty by 3.0% during the fourth quarter. AXA S.A. now owns 886,340 shares of the real estate investment trust's stock worth $20,767,000 after acquiring an additional 25,411 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KIM. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Barclays upped their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Mizuho upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Piper Sandler lowered their target price 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. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.75.

Kimco Realty Price Performance

Shares of KIM stock traded up $0.21 during trading hours on Wednesday, hitting $22.46. The company's stock had a trading volume of 3,267,252 shares, compared to its average volume of 3,586,205. The business has a fifty day moving average of $21.57 and a 200-day moving average of $21.11. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.63 and a beta of 1.32. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities research analysts anticipate 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 will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. 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.