Kimco Realty Corporation $KIM Shares Sold by NTV Asset Management LLC

Key Points

• NTV Asset Management LLC reduced its stake in Kimco Realty Corporation by 29.7% in Q2, now holding 35,935 shares valued at approximately $755,000.
• Kimco Realty recently declared a quarterly dividend of $0.25 per share, which translates to an annualized dividend of $1.00 and a yield of 4.7%.
• Analysts maintain a consensus rating of "Moderate Buy" for Kimco Realty with an average target price of $24.85.

NTV Asset Management LLC decreased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 29.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,935 shares of the real estate investment trust's stock after selling 15,180 shares during the quarter. NTV Asset Management LLC's holdings in Kimco Realty were worth $755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 111 Capital acquired a new position in Kimco Realty during the second quarter valued at $738,000. Vanderbilt University purchased a new position in Kimco Realty in the second quarter valued at about $969,000. Hilltop National Bank purchased a new position in Kimco Realty in the second quarter valued at about $1,389,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Kimco Realty by 2.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,673 shares of the real estate investment trust's stock valued at $2,221,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Kimco Realty in the second quarter valued at about $777,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.48 on Friday. The business has a 50 day moving average price of $21.80 and a 200 day moving average price of $21.21. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $525.18 million during the quarter, compared to the consensus estimate of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Research analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.7%. Kimco Realty's dividend payout ratio is 120.48%.

Analyst Ratings Changes

A number of brokerages have commented on KIM. LADENBURG THALM/SH SH began coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a "buy" rating and a $27.00 target price on the stock. 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. Mizuho boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barclays upped their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.85.

Insider Buying and Selling

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the transaction, the director owned 40,260 shares of the company's stock, valued at $872,031.60. This represents a 36.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

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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