Hilltop National Bank Makes New $1.39 Million Investment in Kimco Realty Corporation $KIM

Key Points

• Hilltop National Bank has made a new investment of approximately $1.39 million in Kimco Realty Corporation by acquiring 66,085 shares of the company.
• Kimco Realty reported earnings of $0.44 per share for the last quarter, exceeding estimates by $0.01 and experiencing a 5% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.25, representing a yield of 4.7%, with a payout ratio currently at 120.48%.

Hilltop National Bank acquired a new position in Kimco Realty Corporation (NYSE:KIM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 66,085 shares of the real estate investment trust's stock, valued at approximately $1,389,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kimco Realty by 2.1% in 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 during the last quarter. Lecap Asset Management Ltd. bought a new stake in Kimco Realty in the second quarter worth about $777,000. Naples Global Advisors LLC lifted its stake in Kimco Realty by 7.4% in the second quarter. Naples Global Advisors LLC now owns 73,062 shares of the real estate investment trust's stock worth $1,536,000 after purchasing an additional 5,025 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Kimco Realty by 11.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 986,548 shares of the real estate investment trust's stock worth $20,737,000 after acquiring an additional 98,064 shares during the period. Finally, Truist Financial Corp increased its position in shares of Kimco Realty by 31.1% during the second quarter. Truist Financial Corp now owns 15,529 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 3,686 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $21.34 on Friday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.56 and a beta of 1.31. The company's 50 day moving average is $21.81 and its 200 day moving average is $21.21. 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 issued 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 company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, sell-side analysts anticipate 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 was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty's payout ratio is currently 120.48%.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the transaction, the director directly owned 40,260 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Mizuho raised their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a "buy" rating and a $27.00 target price on the stock. Piper Sandler reduced 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 report on Monday, August 4th. Finally, Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.85.

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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