Boston Partners Buys 107,324 Shares of Kimco Realty Corporation $KIM

Key Points

• Boston Partners increased its holdings in Kimco Realty by 19.3%, owning 662,188 shares valued at approximately $14.06 million.
• Institutional ownership of Kimco Realty is high, with 89.25% of the stock held by institutional investors and hedge funds.
• Kimco Realty recently declared a quarterly dividend of $0.25 per share, yielding 4.7%, with a payout ratio of 120.48%.

Boston Partners grew its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 662,188 shares of the real estate investment trust's stock after buying an additional 107,324 shares during the period. Boston Partners owned 0.10% of Kimco Realty worth $14,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC increased its stake in shares of Kimco Realty by 40.9% in 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 during the period. D.A. Davidson & CO. acquired a new stake in shares of Kimco Realty in the first quarter valued at about $209,000. Woodline Partners LP acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $9,057,000. Concurrent Investment Advisors LLC increased its stake in shares of Kimco Realty by 45.6% in 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kimco Realty by 4.1% in 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 during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Down 0.4%

NYSE:KIM traded down $0.0950 on Wednesday, hitting $21.6050. The stock had a trading volume of 1,101,666 shares, compared to its average volume of 4,809,281. The business's fifty day moving average is $21.30 and its 200 day moving average is $21.11. The company has a market cap of $14.63 billion, a PE ratio of 26.01, a P/E/G ratio of 1.54 and a beta of 1.31. 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 52 week low of $17.93 and a 52 week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 return on equity of 5.58% and a net margin of 28.54%.The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities research analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.6%. Kimco Realty's dividend payout ratio is presently 120.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KIM. 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. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler decreased their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Scotiabank decreased their target price 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, Raymond James Financial decreased their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.63.

Kimco Realty Company 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.