IFM Investors Pty Ltd Decreases Stake 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 lessened its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 255,082 shares of the real estate investment trust's stock after selling 19,806 shares during the quarter. 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 have also recently added to or reduced their stakes in KIM. Captrust Financial Advisors lifted its stake in Kimco Realty by 37.8% during the fourth quarter. Captrust Financial Advisors now owns 20,201 shares of the real estate investment trust's stock worth $473,000 after purchasing an additional 5,544 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Kimco Realty by 23.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 418,627 shares of the real estate investment trust's stock worth $9,808,000 after purchasing an additional 78,337 shares during the last quarter. Focus Partners Wealth purchased a new stake in Kimco Realty during the fourth quarter worth approximately $2,348,000. Graham Capital Management L.P. purchased a new stake in Kimco Realty during the fourth quarter worth approximately $355,000. Finally, Janus Henderson Group PLC lifted its stake in Kimco Realty by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 72,643 shares of the real estate investment trust's stock worth $1,702,000 after purchasing an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the subject of several recent analyst reports. Barclays boosted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH began coverage on Kimco Realty in a research report on Tuesday. They set a "buy" rating and a $27.00 price target on the stock. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler cut their price target 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. Finally, Mizuho lifted their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average target price of $24.85.

Kimco Realty Trading Up 0.9%

NYSE:KIM opened at $22.49 on Friday. The firm has a market cap of $15.23 billion, a P/E ratio of 27.10, a PEG ratio of 1.62 and a beta of 1.32. 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 stock's 50 day simple moving average is $21.73 and its 200-day simple moving average is $21.15. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released 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. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts anticipate 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. Stockholders of record on Friday, September 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.4%. Kimco Realty's payout ratio is presently 120.48%.

Kimco Realty 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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