Hsbc Holdings PLC Grows Stock Position in Kimco Realty Corporation $KIM

Key Points

• Hsbc Holdings PLC increased its stake in Kimco Realty Corporation by 3.9%, now owning approximately 3.28 million shares valued at about $69.65 million.
• Kimco Realty reported a quarterly earnings per share of $0.44, slightly surpassing analysts' expectations of $0.43, with revenue rising 5% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, which will be paid on September 19th, yielding an annualized return of 4.6%.

Hsbc Holdings PLC lifted its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,283,072 shares of the real estate investment trust's stock after purchasing an additional 123,303 shares during the quarter. Hsbc Holdings PLC owned about 0.49% of Kimco Realty worth $69,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its stake in Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after buying an additional 111,496 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Kimco Realty during the 1st quarter worth $209,000. Woodline Partners LP purchased a new position in Kimco Realty during the 4th quarter worth $9,057,000. Concurrent Investment Advisors LLC grew its stake in Kimco Realty by 45.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock worth $861,000 after buying an additional 12,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Kimco Realty by 4.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock worth $2,167,000 after buying an additional 4,051 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays assumed coverage on Kimco Realty in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price on the stock. Raymond James Financial dropped their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Mizuho upped their target price on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Piper Sandler cut their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Two 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.63.

Kimco Realty Price Performance

KIM stock traded up $0.0350 during trading on Monday, hitting $22.2350. The stock had a trading volume of 1,530,599 shares, compared to its average volume of 4,782,259. 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 Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The stock has a market capitalization of $15.06 billion, a P/E ratio of 26.79, a PEG ratio of 1.61 and a beta of 1.31. The company'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 quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company 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 was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

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.