Gratus Wealth Advisors LLC Makes New Investment in Kimco Realty Corporation $KIM

Key Points

• Gratus Wealth Advisors LLC has purchased a new stake of 25,933 shares in Kimco Realty Corporation, valued at approximately $545,000.
• Kimco Realty reported a quarterly earnings per share of $0.44, surpassing analysts' expectations by $0.01, and the company anticipates a FY 2025 guidance of earnings between 1.730-1.750 EPS.
• The company recently declared a quarterly dividend of $0.25, resulting in an annualized dividend of $1.00, which equates to a 4.7% yield.

Gratus Wealth Advisors LLC bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,933 shares of the real estate investment trust's stock, valued at approximately $545,000.

A number of other institutional investors have also recently made changes to their positions in KIM. Compound Planning Inc. lifted its stake in shares of Kimco Realty by 3.4% in the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 485 shares during the last quarter. GF Fund Management CO. LTD. raised its position in Kimco Realty by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 517 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 530 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Kimco Realty by 6.4% during the first quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock valued at $211,000 after buying an additional 600 shares during the period. Finally, Naviter Wealth LLC boosted its holdings in Kimco Realty by 1.4% during the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust's stock valued at $966,000 after acquiring an additional 640 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

KIM opened at $21.48 on Monday. The firm has a fifty day moving average price of $21.80 and a 200 day moving average price of $21.22. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The stock has a market cap of $14.54 billion, a P/E ratio of 25.87, a P/E/G ratio of 1.56 and a beta of 1.30. 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 (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. Kimco Realty's dividend payout ratio (DPR) is currently 120.48%.

Wall Street Analyst Weigh In

KIM has been the subject of several research analyst reports. 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 report on Monday, August 4th. Evercore ISI raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Monday, September 8th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays raised their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kimco Realty in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus price target of $24.85.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the business's stock in a transaction dated 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 of the company's stock, 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 company insiders.

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.

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