Credit Agricole S A Raises Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• Credit Agricole S A has increased its stake in Kimco Realty Corporation by 7.7%, now holding 192,134 shares valued at approximately $4.08 million as of the latest quarter.
• Kimco Realty reported a quarterly earnings per share (EPS) of $0.44, exceeding analyst expectations and showcasing a year-over-year revenue increase of 5.0% to $525.18 million.
• The company announced a quarterly dividend of $0.25 per share, which will yield 4.5%, despite a high payout ratio of 120.48%.

Credit Agricole S A grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,134 shares of the real estate investment trust's stock after acquiring an additional 13,719 shares during the quarter. Credit Agricole S A's holdings in Kimco Realty were worth $4,081,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KIM. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Kimco Realty by 4.9% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,634 shares of the real estate investment trust's stock worth $374,000 after buying an additional 823 shares during the period. Hsbc Holdings PLC increased its stake in shares of Kimco Realty by 3.9% in the first quarter. Hsbc Holdings PLC now owns 3,283,072 shares of the real estate investment trust's stock worth $69,649,000 after buying an additional 123,303 shares during the period. Wellington Management Group LLP increased its stake in shares of Kimco Realty by 10.1% in the first quarter. Wellington Management Group LLP now owns 1,344,956 shares of the real estate investment trust's stock worth $28,567,000 after buying an additional 123,077 shares during the period. Korea Investment CORP increased its stake in shares of Kimco Realty by 61.0% in the first quarter. Korea Investment CORP now owns 356,780 shares of the real estate investment trust's stock worth $7,578,000 after buying an additional 135,200 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Kimco Realty by 2.8% in the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust's stock worth $224,949,000 after buying an additional 285,824 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.0%

Shares of KIM stock traded up $0.0060 during mid-day trading on Monday, reaching $22.2060. 2,752,608 shares of the company's stock traded hands, compared to its average volume of 4,340,157. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a market cap of $15.04 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.61 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. The company's 50-day moving average price is $21.37 and its 200-day moving average price is $21.09.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $525.18 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's payout ratio is currently 120.48%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler decreased 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 note on Monday, August 4th. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Barclays initiated coverage on Kimco Realty in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price for the company. Mizuho raised their target price on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Raymond James Financial decreased their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and an average 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.