Global Assets Advisory LLC Decreases Holdings in Kimco Realty Corporation $KIM

Key Points

• Global Assets Advisory LLC reduced its stake in Kimco Realty Corporation by 53.2%, now owning 13,742 shares after selling 15,610 shares in the second quarter.
• Kimco Realty reported a quarterly earnings per share (EPS) of $0.44, exceeding the consensus estimate of $0.43, and has raised its FY 2025 EPS guidance to between 1.730 and 1.750.
• The company recently paid a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 4.6%.

Global Assets Advisory LLC reduced its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 53.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,742 shares of the real estate investment trust's stock after selling 15,610 shares during the period. Global Assets Advisory LLC's holdings in Kimco Realty were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. OLD National Bancorp IN acquired a new stake in shares of Kimco Realty in the second quarter valued at about $4,851,000. 111 Capital purchased a new position in Kimco Realty in the 2nd quarter worth approximately $738,000. Vanderbilt University acquired a new stake in Kimco Realty in the second quarter valued at approximately $969,000. Hilltop National Bank purchased a new stake in shares of Kimco Realty during the second quarter valued at approximately $1,389,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kimco Realty by 2.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,673 shares of the real estate investment trust's stock worth $2,221,000 after purchasing an additional 2,149 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.52 on Tuesday. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.56 and a beta of 1.30. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company's 50-day simple moving average is $21.80 and its 200-day simple moving average is $21.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) 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 analysts' expectations of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.Kimco Realty's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty's payout ratio is currently 120.48%.

Insiders Place Their Bets

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the sale, the director owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KIM has been the topic of several analyst reports. Barclays lifted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday. 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. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler reduced their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Finally, LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a report on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.92.

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.

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