Boothbay Fund Management LLC Purchases Shares of 378,720 Kimco Realty Corporation $KIM

Key Points

• Boothbay Fund Management LLC has invested $8.04 million in Kimco Realty Corporation, acquiring approximately 378,720 shares, which constitutes about 0.06% of the company.
• Kimco Realty reported a quarterly earnings per share (EPS) of $0.44, surpassing analysts' expectations of $0.43, and has set its FY 2025 guidance at 1.730-1.750 EPS.
• The company announced a quarterly dividend of $0.25, representing a 4.5% yield, with a dividend payout ratio currently at 120.48%.

Boothbay Fund Management LLC acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 378,720 shares of the real estate investment trust's stock, valued at approximately $8,044,000. Boothbay Fund Management LLC owned approximately 0.06% of Kimco Realty at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Squarepoint Ops LLC lifted its stake in Kimco Realty by 40.9% during the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after buying an additional 111,496 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Kimco Realty during the first quarter valued at about $209,000. Woodline Partners LP purchased a new stake in Kimco Realty during the fourth quarter valued at about $9,057,000. Concurrent Investment Advisors LLC lifted its stake in Kimco Realty by 45.6% during the first quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock valued at $861,000 after buying an additional 12,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock valued at $2,167,000 after buying an additional 4,051 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.2%

KIM traded down $0.04 during midday trading on Friday, hitting $22.76. 3,581,800 shares of the company's stock traded hands, compared to its average volume of 3,267,493. The company has a market cap of $15.41 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The stock's fifty day simple moving average is $21.64 and its 200-day simple moving average is $21.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83.

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 for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays increased their price target 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 increased their price target 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 reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.

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.