Kestra Advisory Services LLC Buys 17,611 Shares of Kimco Realty Corporation $KIM

Key Points

• Kestra Advisory Services LLC increased its stake in Kimco Realty Corporation by 15.6% during the first quarter, now holding 130,690 shares valued at approximately $2.8 million.
• Several hedge funds have significantly boosted their holdings in Kimco Realty, with Northern Trust Corp increasing its stake by 55.0% and Deutsche Bank AG growing its holdings by 94.7% in the last quarter.
• Kimco Realty recently reported quarterly earnings of $0.44 per share, surpassing expectations, and announced a quarterly dividend of $0.25 to be paid on September 19th.

Kestra Advisory Services LLC increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,690 shares of the real estate investment trust's stock after purchasing an additional 17,611 shares during the period. Kestra Advisory Services LLC's holdings in Kimco Realty were worth $2,776,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Invesco Ltd. grew its stake in Kimco Realty by 14.7% during the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock worth $423,441,000 after purchasing an additional 2,552,276 shares during the period. Resolution Capital Ltd lifted its holdings in shares of Kimco Realty by 13.7% in the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock valued at $388,442,000 after purchasing an additional 1,992,550 shares in the last quarter. Northern Trust Corp lifted its holdings in Kimco Realty by 2.8% during the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust's stock worth $224,949,000 after acquiring an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kimco Realty by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust's stock worth $206,427,000 after acquiring an additional 137,249 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in shares of Kimco Realty by 8.9% in the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust's stock valued at $191,170,000 after buying an additional 733,514 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

Kimco Realty stock traded down $0.32 during midday trading on Tuesday, hitting $22.17. 1,451,743 shares of the company's stock were exchanged, compared to its average volume of 4,747,258. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a 50-day moving average price of $21.51 and a two-hundred day moving average price of $21.10. 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 company has a market cap of $15.01 billion, a P/E ratio of 26.72, a PEG ratio of 1.63 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business 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 business earned $0.41 earnings per share. The firm'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. On average, equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio is presently 120.48%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays boosted their target price on Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Raymond James Financial reduced their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. Mizuho lifted their price target on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.75.

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.