IFM Investors Pty Ltd Reduces Stock Position in Kimco Realty Corporation $KIM

Key Points

• IFM Investors Pty Ltd has reduced its holdings in Kimco Realty Corporation by 7.2% in the first quarter, owning 255,082 shares worth approximately $5.4 million after selling 19,806 shares.
• Several institutional investors have recently altered their stakes in Kimco Realty, with notable increases from Captrust Financial Advisors and D. E. Shaw & Co. Inc. during the fourth quarter.
• Kimco Realty announced a quarterly dividend of $0.25 per share, which equates to an annualized dividend yield of 4.4%.

IFM Investors Pty Ltd decreased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 255,082 shares of the real estate investment trust's stock after selling 19,806 shares during the period. IFM Investors Pty Ltd's holdings in Kimco Realty were worth $5,418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compound Planning Inc. increased its stake in 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 buying an additional 485 shares during the last quarter. GF Fund Management CO. LTD. increased its stake 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 valued at $271,000 after buying an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Kimco Realty by 0.9% in 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 buying an additional 530 shares during the last quarter. Horizon Investments LLC increased its stake in Kimco Realty by 6.4% in the 1st 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 last quarter. Finally, Naviter Wealth LLC increased its stake in Kimco Realty by 1.4% in the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust's stock valued at $966,000 after buying an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Up 0.1%

KIM traded up $0.03 during midday trading on Wednesday, reaching $22.14. The company's stock had a trading volume of 663,049 shares, compared to its average volume of 4,672,992. The stock's 50-day moving average is $21.79 and its 200-day moving average is $21.16. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.62 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS 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 firm had revenue of $525.18 million for the quarter, compared to analysts' expectations of $524.75 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business'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. As a group, research analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business 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 $0.25 dividend. 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 (DPR) is currently 120.48%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KIM shares. LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They issued a "buy" rating and a $27.00 price target on the stock. Barclays lifted 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. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI lifted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. Finally, Piper Sandler lowered their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $24.85.

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.