Kimco Realty Corporation $KIM Shares Acquired by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Kimco Realty Corporation by 1.3% in Q2, owning approximately 1,268,264 shares worth $26.66 million.
• The company announced a quarterly dividend of $0.25 per share, translating to an annualized dividend yield of 4.5%, despite a payout ratio exceeding 120%.
• Kimco Realty reported earnings of $0.44 per share for the last quarter, slightly beating estimates, while its revenue has risen by 5% compared to the same quarter last year.

Asset Management One Co. Ltd. lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,268,264 shares of the real estate investment trust's stock after buying an additional 16,844 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Kimco Realty worth $26,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in KIM. Trust Co. of Toledo NA OH acquired a new stake in shares of Kimco Realty during the second quarter worth approximately $27,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty during the first quarter worth approximately $29,000. Golden State Wealth Management LLC lifted its stake in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares during the last quarter. Keystone Global Partners LLC bought a new position in Kimco Realty during the first quarter worth $30,000. Finally, WASHINGTON TRUST Co bought a new position in Kimco Realty during the first quarter worth $34,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Stock Performance

KIM stock opened at $22.34 on Friday. 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 stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.61 and a beta of 1.30. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The stock's fifty day moving average is $21.93 and its two-hundred day moving average is $21.32.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, September 5th. Kimco Realty's payout ratio is currently 120.48%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Piper Sandler reduced their price objective 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. Finally, Barclays raised their price objective on Kimco Realty from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.92.

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.

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