Kimco Realty Corporation $KIM Stock Holdings Boosted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Kimco Realty by 90.7%, now owning 301,320 shares worth approximately $6.4 million following significant purchases in Q1.
• Kimco Realty reported a $0.44 EPS for the last quarter, exceeding analysts' expectations and marking a 5.0% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 4.5%, with a payout ratio of 120.48%.

Acadian Asset Management LLC raised its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 90.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 301,320 shares of the real estate investment trust's stock after purchasing an additional 143,308 shares during the quarter. Acadian Asset Management LLC's holdings in Kimco Realty were worth $6,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of Kimco Realty by 37.8% in the fourth quarter. Captrust Financial Advisors now owns 20,201 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 5,544 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Kimco Realty during the fourth quarter worth $355,000. Janus Henderson Group PLC increased its position 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 buying an additional 1,545 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimco Realty by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,982 shares of the real estate investment trust's stock worth $1,640,000 after purchasing an additional 2,590 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Kimco Realty by 33.9% in the fourth quarter. Millennium Management LLC now owns 989,701 shares of the real estate investment trust's stock worth $23,189,000 after purchasing an additional 250,718 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

KIM has been the topic of a number of recent research reports. Piper Sandler decreased their target price 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. Mizuho lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They issued a "buy" rating and a $27.00 price target for the company. Evercore ISI raised their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Finally, Barclays lifted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $24.85.

Kimco Realty Stock Down 0.2%

Shares of KIM stock opened at $22.41 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 firm's 50-day moving average is $21.74 and its 200-day moving average is $21.15. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.63 and a beta of 1.32. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same quarter in the prior year, the business earned $0.41 EPS. Kimco Realty's quarterly 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. Sell-side analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued 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 of this dividend is Friday, September 5th. Kimco Realty's dividend payout ratio is 120.48%.

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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