Groupama Asset Managment Sells 13,027 Shares of Kimco Realty Corporation $KIM

Key Points

• Groupama Asset Management has decreased its holdings in Kimco Realty Corporation by 27.5%, now owning 34,428 shares valued at approximately $721,000.
• Several other institutional investors have increased their positions in Kimco Realty, with 89.25% of the stock owned by hedge funds and other institutions.
• Kimco Realty recently reported an EPS of $0.44 for the last quarter, exceeding analysts' expectations and announcing a quarterly dividend of $0.25, yielding 4.6%.

Groupama Asset Managment reduced its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 27.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,428 shares of the real estate investment trust's stock after selling 13,027 shares during the period. Groupama Asset Managment's holdings in Kimco Realty were worth $721,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. lifted its holdings in Kimco Realty by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 517 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in Kimco Realty by 5.4% during the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 530 shares during the last quarter. Horizon Investments LLC lifted its holdings in Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock valued at $211,000 after purchasing an additional 600 shares during the last quarter. Finally, Naviter Wealth LLC lifted 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 purchasing an additional 640 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KIM. Piper Sandler cut their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a report 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. Raymond James Financial dropped their target price on shares of 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. Mizuho boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, Barclays started coverage on shares of Kimco Realty in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.63.

Kimco Realty Trading Up 0.2%

NYSE:KIM traded up $0.0350 on Monday, reaching $22.2350. The company's stock had a trading volume of 1,530,599 shares, compared to its average volume of 4,782,259. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The firm has a market cap of $15.06 billion, a PE ratio of 26.79, a PEG ratio of 1.61 and a beta of 1.31. The business's 50-day moving average price is $21.35 and its two-hundred day moving average price is $21.09.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company's revenue 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 fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.5%. Kimco Realty's dividend payout ratio is presently 120.48%.

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.