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

Key Points

• Vert Asset Management LLC reduced its stake in Kimco Realty Corporation by 5.1%, holding 299,794 shares after selling 15,979 shares during the second quarter.
• Kimco Realty reported $0.44 earnings per share for the last quarter, surpassing analyst expectations, and announced a quarterly dividend of $0.25 per share, representing a yield of 4.6%.
• Analyst ratings for Kimco Realty reflect a consensus of "Moderate Buy" with a price target averaging $24.85, as multiple firms have recently upgraded their outlook on the stock.

Vert Asset Management LLC decreased its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,794 shares of the real estate investment trust's stock after selling 15,979 shares during the quarter. Kimco Realty makes up about 2.3% of Vert Asset Management LLC's portfolio, making the stock its 14th biggest holding. Vert Asset Management LLC's holdings in Kimco Realty were worth $6,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Kimco Realty during the 1st quarter valued at about $29,000. Keystone Global Partners LLC acquired a new position in shares of Kimco Realty during the 1st quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position in shares of Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 911 shares during the last quarter. WASHINGTON TRUST Co acquired a new position in shares of Kimco Realty during the 1st quarter valued at about $34,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of Kimco Realty during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Down 1.5%

NYSE KIM opened at $21.52 on Thursday. The firm's 50-day moving average is $21.82 and its two-hundred day moving average is $21.20. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The stock has a market capitalization of $14.57 billion, a P/E ratio of 25.93, a PEG ratio of 1.59 and a beta of 1.31.

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

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. Kimco Realty's dividend payout ratio is 120.48%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They issued a "buy" rating and a $27.00 target price on the stock. Evercore ISI upped their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Monday, September 8th. Finally, Barclays upped their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.85.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the business's 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. This represents 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 at the SEC website. 2.20% of the stock is owned by company insiders.

Kimco Realty Company 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.

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corporation (NYSE:KIM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.